Hi,

Can an individual having rental income above 20 lakhs can register under composition scheme for rental income?

If yes , then flat rate to be paid on total rent income? i.e rent from commercial + rent from residential properties?

Please advice.

Regards,

New Firm Incorporate on 01/04/2026 means in F.Y 26-27
Sales have started from April. After 10 months, the sales will exceed ₹5 crore. In that case, should e-invoicing be started only once the ₹5 crore threshold is crossed, or does it need to be started from now?

GST registration for my previous business of “Davat Soda”, which is now completely shut down. However, GST registration is still active (regular scheme).

Currently, working as an insurance agent (vehicle insurance), and receiving commission income from insurance companies.

Whether I need to report this insurance commission in GSTR-1 or GSTR 3B

Taxpayer is registered under the QRMP scheme. During the Jan–March quarter, total taxable turnover(Only B2C) exceeds ₹50 lakh. However, monthly turnover is ₹13 lakh in January and ₹44 lakh in February, and no IFF has been filed. Whether Rule 86B (1% cash payment) is applicable?

I have invested the funds in Tata AIA shubh flexi plan of pension policy during the last month. Now I want to cancel the said policy due to finanical problems. In this conneciton, please let me know whether GST will be charged on deduction while cancellation of this policy. In fact while investing the funds in Pension policy, No GST was applicable.

So kindly clarify for above point of GST.

ITC was availed on capital goods purchased in December 2024. Now, ITC is required to be reversed in the March 2026 return. Is any interest applicable on the amount to be reversed? Also, what are the consequences if such ITC is not reversed or is reversed at a later date? Additionally, what are the consequences for the portion pertaining to the period from December 2025 to March 2026?

We purchased certain items from outside the state and had claimed ITC in Table 4(A)(5), which was later temporarily reversed in Table 4(B)(2). Now, due to defects, the items have been returned and the supplier has issued a credit note.

At present, Table 4(A)(5) is showing a negative ITC balance of ₹1,00,000. We had earlier reversed ITC of ₹1,00,000 against these purchases.

We have no other interstate purchases during this month. Kindly advise how the earlier claimed and reversed ITC should now be treated. Should we show ₹0 in Table 4(A)(5) [₹1,00,000 - ₹1,00,000] and ₹1,00,000 in Table 4(D)(1) under the ITC reclaim column? Please guide.

Sir.
During 25-26 one of partnership firm has 2.5 crores turnover. Let's me know
1 whether need to file annual return for 25-26 .
2. Which is better after file annual return than file income tax.which one file income tax or Gst return.
3. Due date for annual return Gst & income tax.

My client was liable to pay rent for the store & staff accommodation for the month of JAN-26, but he delayed paying the rent and actually paid the rent for JAN-26 in MAR-26. Does the self-invoice need to be prepared on Feb-26 and the RCM need to be paid within 20-03-2026 by FEB-26 GSTR3B? although he has not paid rent of JAN-26 in FEB-26 as per rule 47A all registered persons liable to prepare a self-invoice within 30 (thirty) days from the date of receipt of goods or services or both, which is mentioned in Under sec. 9(3) or 9(4)?

I have a client who have not filed GSTR-4 in previous years and due to time barred the returns are now blocked.

I can't even file the GSTR-4 of last 3 years even will not be able to file for Current year.

What to do?