Good Day Expert,

We recently registered a Private Limited Company. The revenue is mainly through remittance (in USD) on monthly basis. Google Asia Pacific Pte. Ltd. pays us. We haven't taken GSTIN.

What is the threshold of company's annual income to apply for GSTIN in our case?

Can the Directors (who are working full time in this company and hold no position in other entities) take monthly salary? If yes, what is the limit monthly/annually?

Also, neither the company's income nor number of employees(3) does not cut the threshold to open salary accounts.

Can we open Savings account for Directors and deposit salary in those accounts? If yes, can we apply for ITR and how?

my friend has paid igst on freight charges paid to goods transport agency can he claim itc .

XYZ is having a shop cum restaurant. In the restaurant area they are giving e.g. one plate pani puri free on purchase of one plate biryani. In my view, they will be required to pay GST only on biryani and for pani puri given free, they need to reverse proportionate ITC for common credit. Is my understanding correct sir?

We have rented out a Godown for storage of goods on a permanently basis at jamshedpur. Principal place of Business Ludhiana and the rented Godown, jamshedpur are in different state.

1. Whether we have to take new registration or there is any way out at present other than taking new registration.

2. If we take new registration what will be the type of registration warehouse/depot, office/sale office, whole sale business, retail business or any other.

3. Whether we can supply under current purchase order received from Jamshedpur to Ludhiana or we have to take new purchase order for godown at Jamshedpur.

4. What will be the sale price from Ludhiana to Jamshedpur. Whether we can clear the material at P.O. price received from our original buyer i.e. Jamshedpur or reduced price considering freight cost, rent and manpower etc. to be borne by us for supply from Ludhiana to our Jamshedpur Godown or we can apply 110 % of cost price to determine the stock transfer value

5. Whether do i need charge GST for above stock transfer?

6. Whether have I to raise 'TAX INVOICE' or 'DELIVERY CHALLAN'?

7. In E-way Bill, under sub-type do i need to select 'SUPPLY' or 'FOR OWN USE'?

8. Please Clarify Procedure for Sale from the Rented Godown - Invoice and E-way Bill.

Here, I explain my question through a Example

A unregistered retail seller "O" sells a product, named "X" (MRP of the product is 112 inclusive of all tax) (GST rate of the product is 12%) to "G" (he also unregistered). What is the maximum price of the product that can be charged by the seller ?
Whether unregistered person can collect GST from costomers ?
Please explain reason..

XYZ had exported equipments earlier which needs Quality Certification from a recognized agency in India. XYZ got done the technical audit and certification of the equipment before exporting the same. The charges incurred for this certification was recovered from the foreign customer.Is XYZ liable to pay GST on the amount recovered?

I have query regarding exempt income. Our company is deals in manufacturing handloom products & having ORCHARD income also but in previous gst return we didn't show ORCHARD income from April to aug 19. Can we show this income (Apr to Aug 19) now in next month(sep19) gst return. Moreover in gst 3b & gstr 1 in which column we have to show agriculture exempt income.

Can we issue credit note only for GST amount due to wrongly charging of GST on service.

Sir one of my friend's GST REGISTRATION is cancelled by department , on August bcoz he has not filed the return since May 2018, but now on 20 th SEP 2019, he filed all GST returns from May 2018 to August 2019 along with late fee, and filed application for revocation of cancellation of registration, but now tax authority is asking for payment of interest @ 18%. for late payment of tax liability, as he has paid GST TAX BY UTILISIING THE ITC for the month of March 2019, I want to know whether he has to pay interest or not, as amendment of sec 50 of CGST ACT is said interest is to be paid on net tax liability , ie tax paid by cash. PLEASE please clarify on this regard

AS PER 37TH GST COUNCIL ANNUAL RETURN FOR F Y 2017-18 & F Y 2018-19 IS NOT MANDATORY. SO WHETHER WE HAVE TO COMPULSORY RECONSILE DATA FOR GSTR 2 & GSTR 2A FOR F Y 2018-19 (T.O UPTO 2 CRORE). FURTHER IF WE HAVE TO DO WHAT IS THE LAST DATE. SEP 2019 WE HAVE TO ADJUST OR WE CAN DO UPTO MARCH 2020. ALSO IF WE HAVE NOT DONE UPTO SEP 19 WE HAVE TO LOSS ITC FOR PREVIOUS PERIOD.