As a mutual fund distributor dealing with AMC's located out of my state, is it mandatory to register for GST. The annual income from this stream is less than 20 lakhs.
As per my understanding, the AMCs will deduct the applicable GST for unregistered distributors.
To avoid the compliance shackles, can I allow the AMCs to deduct the GST and forego the ITC credit.
My query is "Will I be liable for any action for not registering for GST" considering the fact that the GST on my income is being paid by the AMC under RCM.

Sir main gst mein composition scheme lena chahata hoon main vat mein bhi composition dealer tha aur mera gst mein opening stock 400000.00 ka hai jis par vat rate 5% tha ab gst mein tax rate 18% hai to mujhe gst composition mein opening stock par kitana tax jama karna hoga

EXPERTS MY CLIENT IS A SERVICE PROVIDER AND PROVIDE FOLLOWING SERVICE IN A FECTORY 1= BUS FACILITY IN A COMPANY FOR EMPLOYEE 2= GTA SERVICE THEN SIR IN ABOVE CASE AT THE TIME OF FILING GSTR1 I WILL FILL BUS SERVICE DETAIL BECAUSE I WILL DEPOSIT GST ON IT. BUT IN CASE OF GTA WHEN SERVICE RECEIVER WILL PAY GST UNDER RCM . THEN IN CASE OF GTA WILL I ALSO FILL SERVICE PROVIDED DETAIL IN GSTR1???

Dear Sir, Our client is trust providing hotel management education. Annual Fees Collection is 10-15 Lakhs. They only provide education facilities. Please suggest on urgent basis whether they do need to take GST registration or not. what if they exceeds annual fees collection to above 20 lakhs.

I am a trader of Air conditioner and my turnover is below Rs 75 lacs so i am eligible for composition scheme. But if answer is different if I am also giving AMC with that AC ?

I am giving consultancy to a firm in Meghalaya and Telengana.But my my T.O. is less than 10 lakhs a year. should i get a GST registration?

Dear Sir,
If assesse has presumptive income u/s 44ADA, and gift income of Rs. 11 lacs. Then he can file itr 4 for the AY 2017-18 or
he has to file itr 3?
Please clarify.

have doubt in the income tax return filling.

for assessment year 2016-17, filled IT return before due date and I got refund for the same.

But subsequently, we checked further deduction in TDS with my account, shall fill revised return by now.

As well as shall fill IT return for assessment year 2017-18 by now, or need to wait for previous year revised return that shall fill the same.

Sir,
I am salaried class assessee. I filed my ITR on 31-Mar'17. Unfortunately I mentioned wrong amount of salary or tax deducted by the employer. As a result it was showing tax to payable by me. Further, I have not done the e-verification.

I have filled up the ITR for the AY 2017 18 which is correct.

Someone can suggest how ITR for AY 16-17 can be correct & two ITR can be submitted?
Regards

I have 2 houses, one is let out and has no loan taken on it but other is self occupied and has loan interest of 4.5 lacs paid on it during the year. Since I can only claim benefit of 2 lacs u/s 24(b) on self occupied though interest paid is 4.5 lacs, can I show the second property of self occupied as let out to my brother as say I have let out 2 rooms to him at 7,000 per month to be able to claim complete 4.5 lacs as deduction u/s 24(b)?