Gst - income tax return
This query is : Resolved
29 May 2019
If Income as per Form 26AS exceeds Rs.20,00,000/-
But the individual has not applied for GST returns.
Then in that case what the requirement to be followed while filing income tax return.
But the individual has not applied for GST returns.
Then in that case what the requirement to be followed while filing income tax return.
29 May 2019
1st thing is 26as not determine ur income
2nd if ur other source income like fdr is show in 26as then ur not liable for gst
3rd if ur taxable turnover exceed 20laks during year then u liable to register in gst
2nd if ur other source income like fdr is show in 26as then ur not liable for gst
3rd if ur taxable turnover exceed 20laks during year then u liable to register in gst
29 May 2019
Taxable turnover exceeds 20 Lakhs but not yet registered ...
If income shown in return of taxable then there will be any fine / penalty of non-registration ...
As limit exceeds now to 40 Lakhs ...
If income shown in return of taxable then there will be any fine / penalty of non-registration ...
As limit exceeds now to 40 Lakhs ...
30 May 2019
Limit Exceed 40 Lakh only in case good in case of service limit still 20 Lakh, Secondly If assessee is not taken registration than department may raise show cause notice.
01 June 2019
First of all, study and analyse nature of receipts. If GST liability arises, you should get registration and comply with GST laws. Otherwise, you may comply with Income Tax Laws only.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Gift of mutual fund units to daughter
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
