We, Two brothers, running a Proprietory Business of Computer Job Work, Internet and Photo-photo-state. We both works as Proprietor of a Single Firm. But We don't have any Current Account of the Firm. We share our profit as job basis, means ACCORDING TO WORK BASIS. We, both are filing ITR 4 (SUGAM), separately as INDIVIDUAL. We fill same BUSINESS NAME AND SAME BUSINESS CODE in BUSINESS CODE IN ITR. Is there is any problem to fill SAME BUSINESS CODE AND SAME BUSINESS NAME IN ITR. Please advice.
Sir
Sports Goods are Vat exempt under UP Vat.
A trader have all bills of purchase made of such goods.
Now sports goods are taxable in GST @12%.
The trader do not have excise paid bills instead he has vat paid bills.
Do the trader entiled to input benefit @ 40% rule on stock in hand on appointed date of gst.
Pls explain in detail if possible
sir, can you please tell me how to calculate the turnover of speculative business
Respectd Sir:
7 States viz. Meghalaya, Punjab, Tamil Nadu, Kerala, Karnataka, Jammu & Kashmir and West Bengal have yet to pass the State GST (SGST) Act. Under this circumstances kindly opine:
1) Whether inspite of this, GST could still be implemented in West Bengal from 1.7.2017?
2) How this could be operated from Wet Bengal in this situation in absence of SGST Act?
3) Whether old system for payment of Excise Duty and Service Tax will continue in West Bengal for the despatches / services with effect from 1.7.2017.
Hope you will kindly enlighten us with your valued views.
Regards,
G.Goswami
Asst. General Manager-Indirect Tax
Shalimar Wires Industries Ltd.
10.6.2017
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Same business code of two seprate individuals