Dear Sir,
One of my client is in medical services. He is running a clinic along with a medical. He is billing both services medical as well as clinic ( Surgery, etc) from a single GST No. Total Turnover of his business is as follows :
1. Trading in Medicines (Retail) is upto Rs. 70 Lakhs
2. Turnover from OPD (General Practice) is Rs. 20 Lakhs (Exempt Service)
3. Turnover from Surgeries (Cosmetic & Plastic Surgery) is upto Rs.20 Lakhs (Taxable)

Thus, his total turnover for FY 2018-19 is below Rs.1.5 Cr. Whether He can opt for Composition Levy for Services (Turnover Below Rs.50 Lakha) & Goods (Turnover Below Rs. 1 Cr) for FY 2019-20 ?

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Thanks & Regards,


CA Parag Lunkad,
SUNSVG & Associates | Chartered Accountants | 020- 27515581/ 82/83 |

Dear Sir/Madam,

My question is

Trust has employee more than 20 then in this case can we registered in PF and Esic.
and also has exemption certificate through income tax department.

Now in this can we get registered in PF and ESIC is mandatory in our case

please confirm me

SIR/MADAM,

An individual wants to invest Rs. 1,50,000 u/s 80 (C), for availing tax exemption.
But, he does not want to invest the whole amount in one place.

So, Can he invest as follows ?
- RS. 50,000 in any one ELSS scheme of any mutual fund,
- Rs. 50,000 in any other ELSS scheme of any other Mutual Fund,
- And Rs. 50,000 in PPF account in any bank ?


OR,
Can he distribute Rs. 1,50,000 in three parts like –

- Rs.50,000 in ELSS , Rs. 50,000 in PPF and Rs. 50,000 in 5 Years’ bank F.D,
for availing sec. 80(C) exemption ?

I mean,
is there any restriction or not, that one can invest whole amt. in any one type of tax-saving instrument from above ?

Sir,

If we sale to an unregistered interstate dealer from our business premises should we charge IGST or SGST /CGST

Dear Sir/Madam,

My Query....

A Partnership firm with Engineers opting for Presumptive Taxation u/s 44ADA. Can Partners of the firm in their individual capacity also opt for Presumptive Taxation u/s 44ADA as Partners remuneration from firm is taxable as Business/Profession receipts in the hands of Partners.


Thanks in Advance

Arun Kumar Yemula

An individual wants to invest Rs. 1,50,000 under sec. 80(C), in any Mutual Fund Company's ELSS scheme,
to reduce his tax liability.

But, Is it compulsory to invest the whole amount of Rs.1,50,000 in any one ELSS scheme only ?
I mean,
Cannot he divide the total investment amount between 2 or 3 Mutual Fund Companies ?

He does not want to keep all the investment in one ELSS scheme.

So, if he distributes his total investment of Rs. 1,50,000
Into 3 different ELSS schemes of 3 different Mutual Fund companies, (each Rs. 50,000)
OR
into 2 ELSS schemes of 2 different Mutual Fund companies (each Rs.75,000),

then,
will he be eligible for getting the full deduction of Total Amount (Rs.1,50,000), under sec.80 (C) ?

Please, guide.

DEAR SIR OUR FIRM RECEIVES SPONSORSHIP FEE WE ARE REGISTERED UNDER GST AND PARTY GIVING US SPONSORSHIP FEE ALSO REGISTERED UNDER GST. NOW THE PARTY SAYS THAT THEY WILL PAY GST UNDER RCM, IN SUCH A SITUATION WHAT DETAILS SHOULD I GIVE IN GSTR1 GSTR3B OR GSTR 2 ?

Dear Sir,
I have registered under GST for my professional charges. I have purchased agriculture land in 2013.
now i am selling the same, is GST Liable on such transaction?
if yes than but is gst rate if no is it NON GST Supply?

Dear Experts,

I am having a public charitable trust for which we have never applied for 80G & 12AA. There;s no registration with any gov't body at all.

do we have to file ITR 7 or ITR-5 in this case?

also please suggest does it need to undergo any kind of Audit?

Regards,

Hello...
What is the current situation of RCM ? IS it applicable to all or is deferred till 30th Sept 2019 ?? My client is Rent a cab service provider with GST no.. Will Rcm applicable to him ??

Thanks