it's an real life situation
there is an partnership firm there are 3 partners ,pan no. has been obtained in name of firm but partners are working in their individual capacity and not as firm but all the 3. partners are paying gst and filing return in their individual capacity and not as firm is this valid and what will be the consequences plz reply asp🙏
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gst query
Replies (4)
As per Your query I understand as
The Firm is not registered under GST. Am I right?
The Firm is not registered under GST. Am I right?
sir
plz clarify more ...
plz clarify more ...
the firm is registered under gst sir
1) As per Sec 2(84) Person includes individual & Firm
2) Firm & Partners are different persons as per GST
3) Return has to be filed for both Firm & Partners
4) If all services rendered as individual capacity & not as firm, Nil return has to be filed for firm
5) Penalty for late filing will be levied & registration may be cancelled for non filing of returns
2) Firm & Partners are different persons as per GST
3) Return has to be filed for both Firm & Partners
4) If all services rendered as individual capacity & not as firm, Nil return has to be filed for firm
5) Penalty for late filing will be levied & registration may be cancelled for non filing of returns
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