Sir, we.are a takeaway restaurant in Greater Noida registered with zomato. In the current financial year we have now crossed sales of Rs. 20 lacs. Zomato is insisting that we apply for GST number. My view is that from 1/4/2019 the threshold limit for GST registration is Rs.40 lacs. I request your expert advise. Thanks.

Kindly guide me in this query.

While filing ITR for a partnership firm,

Total Sales – Rs. 25,00,000
Net Profit before interest and salary– Rs. 4,50,000

Interest on Partner’s Capital- Rs. 75,000
Salary to Partners- Rs. 250,000

Net Profit after Interest and Salary- Rs. 1,25,000

Criteria for 8% of turnover is net profit before interest & salary or after interest and salary ?

Kindly advice me on the same.

So, since 1,25,000 is less than 8% , does it qualify for tax audit ?

Reference to ITR-2 for FY2018-2019(AY2019-2020),
How can a seafarer/seamen mention about his NRI status in the ITR-2 form.
i want your guidance about filling of the RESIDENTIAL STATUS of PART A.(d)(C):
You were a non-resident during the previous year.
(i)Please specify the jurisdiction(s) of residence during the previous year
Jurisdiction(s) of residence : we are always on board foreign ship sailing around the world, not having any residency. so should i mention my ship name. But,Some body told that drop down menu is getting with country codes, if so we can not fill our ship name?
Please clarify me on the above?. is it possible to fill up our ship name?!.Or not.Here on our ship,we could not access the same due to our internet band width!.So can some experts advise?.

Apart from the above, Taxpayer Identification Number(s) : can we fill up "NA" (As WE DO NOT HAVE ANY TAXPAYER IDENTIFICATION NUMBER). Just found that Circular No. 18 of 2019 states below
Question.1: I am a non-resident. The Taxpayer Identification Number (TIN) is not allotted in my jurisdiction of residence. How do I report the same in the column on “residential status”?
Answer: In case TIN has not been allotted in the jurisdiction of residence, the passport number should be mentioned instead of TIN. Name of the country in which the passport was issued should be mentioned in the column “jurisdiction of residence”.
Based on the above, as we arel not be having any foreign passport,i presume that we can furnish our PASSPORT NUMBER OR OUR CDC NUMBER for authentication as a seamen !.
Am i right about the above interpretation?
Apart from the above is it also required to fill up the below part(ii)
(ii) In case you are a Citizen of India or a Person of Indian Origin (POI), please specify -
Total period of stay in India during the previous year (in days) : 180 Days
Total period of stay in India during the 4 preceding : 720 Days.
do we require to fill up part(i) and part(ii) also or only part(i) is sufficient?!
is the above is correct way?!.
Can you please guide me sir.

Thanking you in advance.
Srinivas Mullapudi

Dear Expert,

GSTR-9 is filed having turnover more than 2 cr for FY 17-18. But while filing GSTR-9 HSN summary of inward as well as outward supply not filled.

Whether any penal action will be taken ?

Kindly guide

We are GTA Service provider. We do not charge GST in our Invoice. Party deposit GST on our behalf ( RCM basis.)
In July 2019, we make mistake in GSTR 3B. We upload wrong figure for Rs 26600132/-in 3.1( c ) column of 3B. The actual figure should be Rs 6484680.20.
Sir what we do and how it is rectify: If any rectify GSTR 3B for the month of July 2019

Respected Sir,

We are having one Partnership Firm client, for claim Partner Remuneration U/s 40(b) from Book profit Audit from Chartered Account is Mandatory or not. Our Client Having turnover only 6,50,000. if he Declare profit without partner remuneration he will pay Rs.15600 plus Cess. Is there any solution for claim Partner remuneration without Audit

Hi friends,

One of my friend is a trader of goods. He is a registered dealer and paying tax on supply of those goods. In addition to that he also had a comercial property on which he is earning rental income..

Turnover from Trading is Rs. 20 Crores
Rental Income is Rs.96000/-
My doubt is whether gst is leviable on rental income? Since rental income is not earned in the furtherance of business?

dear sir,
we have a pvt ltd company,engaged in import from China.
sir, in year 2015 we import product via two commercial invoices
under one BOE, one invoice cleared but another are pending because
of the payment made to sister company and invoice was made by group company.
there was a deference between shipper and payment receiver.
now can we made correction in BOE wide entering the name of payment receiver
in BOE (but the BOE already submitted with first invoice,there was no problem)
sir, please suggest how we resolve this problem?
my e mail : mk.sharma24678@gmail.com

Dear Expert,

A pvt ltd assessee has milk chilling plant. It collects milk from farmers and preserve it for chilling . After chilling it sells to dairy. No any other process carries on except chilling.

My question is whether milk chilling process is liabile to GST ?

If not kindly quote the notification number

Thanks

Dear Experts,
Pls clarify:- section 16(2) of cgst act. And rule 37 State that if No payment is made to the supplier within the 180 days the ITC taken shall be added back to the output liability. Pls tell me if anyone has not paid within the stipulated deadline than how the ITC shall be add back to the output liability! Pls clarify with an example if possible....

Thanks In Advance
Karan