GST Registration regarding A Coop Society, which carries on multiple businesses.
Example:
Trade name of all units is ABCDEFG
1. Medical store
2. Bakery
3. Book stall
4. Catering Services
At each premises Name hoarding is kept showing as ( a unit of ABCDEFG )
Already having a registration for a Medical Store which was taken VOLUNTARILY only to make purchases for the purposes of Medical Store.... because the supplier of medicines demanded to have a gst number. At the time of registration only Trading of medicines mentioned as Goods.
1. So whether I'm bound to collect gst in bookstall, catering and bakery..???
2. Whether i should show each of above business units as additional place of business???
3. Is it necessary to disclose each business???
4. As the registration is a voluntary one, whether other business units fall under GST Liability ?
Each unit is in seperate building.
5. If we are taking seperate Registration for a business vertical,
After registration, while uploading Bank Pass book or Statement .....can we upload the same bank account details we used for the former Business registration or do we need to open a seperate bank account for each vertical ???
I am an Government Employee and have salary of Rs. 10 lacs pa.
I have FNO losses of Rs. 7 lacs for FY 2018-19.
Request you to please guide me which ITR form I have to file.
Is TAX AUDIT is mandatory in my case.
One individual wants to run a private hostel to provide mainly long term accomodation for student and even working class.
The entire apartment would be hired from the landlord for this purpose on rental basis and then would be renovated to make further partitions to extend the no. of bedspace in a room.
With the accomodation being the primary service, the said service is also supported by breakfast and dinner and facilities like wi-fi.
Charges would be around Rs. 5000/-p.m and total inmates would be around 100.
So, annually projected turnover at 75% occupancy level would be around Rs. 45,00,000/-
My doubt here is can we claim the exemption of Rs.1000/- per day in gst as available to hotels, inns etc....
Does this commercial hostel qualify for such exemption.....? Can we just pay 5% tax on value of supply of food supplied without itc or should we pay 18% ?
Please guide and advice
Whether repairs and renovation work carried out on partly demolishing building is deductible from the compensation of building under capital gains.
This is appeared in ET Wealth today.
"TR form has introduced the individual script method in place of consolidated figures, so reporting multiple stocks would be easier now."
But I could not locate a place where one can enter multiple stocks or Mutual funds in CG section.
Pl help me so that I can complete my ITR 2 in time.
Regards
HARSHAD KHONA
Whether compensation received from government for demolition a part of a building under road extension purpose is taxable under Capital Gains???? TDS has been made under Sec 194J by the Government.
I am not under tax audit. and I am proprietor of a building construction company. I have heard that each and every individual is not required to cut down TDS on any sort of professional charges under section 194-J if the professional charges are below Rs 50 Lacs as per the recent amendment.
Please guide me I want to change my Auditor (Principal) on a mutual agreement I want to quit the articles from the current Auditor on health cause. I had completed 2 Year 4 Months Articleship. Can any one please tel me the procedure of Termination of Articles. And also tel me what kind of situations I may face in future because of this termination. and my principal is not given to approval letter. what is the another way is in the articleship termination.
Dear All sir,
Please Advice
A proprietor having a GST no. of haryana however no any sale or purchase during F.Y 18-19 but in april 2019 we have paid late fine of GSTR Rs. 7460.
and he has also a salary income of Rs. 441000 from teaching & tds deducted rs. 5100 u/s 192B.
so please advice which ITR form should opt to file ITR of A.Y 2019-20.
Thanks in advance
Hello Sir
I want clarification about deduction claim.
I am in possession of residential property from 2018 April. Now in May 2018 I started construction on collaboration vide agreement with the collaborator. Can I claim deduction u/s 80C and 24 B for the current FY. Pl advise.
Regards
Registration of cooperative society