Partnership firm registered under gst composition scheme had also given loan to other firm and earn intt. Can the firm still opt for
composition ????
richa more (manager) (66 Points)
14 July 2017
L KESHAV
(Advocate )
(120 Points)
Replied 15 July 2017
Sir,
1) If Chit fund Firm Earns commission & Dividend earns below Rs.20.00 lakhs it it necessary to regiserter under GSt Services. Is Chit fund firm coming under GST or Not.
2. Chit fund firm earn Interest on Fixed deposits it is business Income or Income from othjer sources. It will be show as a Interstest earned or It should clubed with Business Income in ITR 5.
3. Which ITR shoud filed for the Partners with Lic Commission, Pension Income and Partner's Renuermation.
Please clarify the above at the earliest.
With regards
Keshav
L KESHAV
(Advocate )
(120 Points)
Replied 15 July 2017
Sir,
1) If Chit fund Firm Earns commission & Dividend earns below Rs.20.00 lakhs it it necessary to regiserter under GSt Services. Is Chit fund firm coming under GST or Not.
2. Chit fund firm earn Interest on Fixed deposits it is business Income or Income from othjer sources. It will be show as a Interstest earned or It should clubed with Business Income in ITR 5.
3. Which ITR shoud filed for the Partners with Lic Commission, Pension Income and Partner's Renuermation.
Please clarify the above at the earliest.
With regards
Keshav
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