Basic query

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person selling kulche sholay through handcraft (Redi) is it service or what?

and whts is code for this business?

and is GST is mandatory for all?

thnku
Replies (14)

GST applicable only if his aggregate turnover exceed 20 lakhs.

Its outdoor type catering service..... '996334'

Thanku Sir,.... and its mandatory to disclose inventory, capital, and other particular and muat be tally?

Cash at hand,  Creditors & Debtors  & Inventory details are mandatory in ITR when income declared under presumptive scheme, (or no accounts maintained case).

assesse is a barber and have no debtor and creditor and then wht will be stock?

plz explain abt this.

Amount of Sundry items used in daily work !! It may value negligible......

so wht will be stock for services provider?..... give me some explanation

thank you

As per rules, for service provider, stock in trade should be zero.

But when you wish to declare some unused items (inventories) like shops, cream, shampoo, lotions, blades etc... lying in the shop, as on 31st March....... you can estimate its value as per purchase bill & declare the same in ITR.

ok Sir, so it can be on estimated basis?

When no books of accounts maintained..... all the figures would be just estimated only !!!

Sir, catering service code 996334 , i did not find in the list,...... is it right code?

For income tax business code........ it will fall under..... '10010'  

thank you Sir,.... and this is business or service?

Its Service....

Dhirajlal Sir,
can u give me ur email, i want to show 26 AS, and tell me is he liable for Gst registration?


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