Home |Shyamal Modi Shyamal Modi Tax Advocate | Financial Advisor | Virtual CFO 110 Answers, 58 Claps, 38866 Views Share × Feeds Questions Answers I recently applied for new GST registration after my last application was rejected. I uploaded Consent letter on ₹100 stamp duly signed by notary and municipal tax receipt from Nagar Palika. But GST officer still asking me proof of principal place of business. What should I do? You can attach the electricity bill or sale deed of the property. 1 0 15 I have applied for GST Cancellation in Delhi, After that i rcvd an SCN for clarification. The clarification was not filed and now this is showing pending for order from last six months, Can any one suggest how to apply for rejection of the application? In this case, you may contact the local jurisdictional officer, you may provide the clarification sought by him in hard copy. 1 0 13 The GST officer did not mention any reason for rejecting the GST application. He just replied that clarification was unsatisfactory in the rejection letter. What should I do? Should I apply fresh? 2 options: 1. Apply again! 2. Go for an Appeal against the order! It is mandatory for the officers to write the reason for rejection. Anyways, option 1 is always recommended for faster resolution! 1 0 17 The electricity bill is in company's name and the rent agreement is in owner's individual name and i have rented a place. How to get the address on gst ? If your business is other than a Proprietorship firm, you have to make a rent agreement in the name of the Company. I would always recommend consulting a professional, as there are many aspects which… 1 0 8 I have lost my pan. While applying, by mistake i got a new pan card. Can i change pan card number with bank account? You have to surrender your PAN card which is not in use! If you don't remember your old PAN Number, you can contact Income Tax Office in your locality to get the same. Procedure for surrendering Pan Card:… 1 0 60 I want to start my transport company. And I don’t have my own house. My landlord said he cannot provide me NOC. How can I register for GST in these conditions? Better to take a shop on rent and get GST registration there. As it is a transport company, you have to store parcels. So it's better to conduct your business in a rented shop. 1 0 15 I have sold house property in Gujrat and the buyer has taken bank loan.Bank has given two cheques one for sale deed value and other for extra work in house. How it will be shown in ITR? The total amount of both cheques will be considered as your sale consideration.LTCG will be calculated as:Sale consideration - Indexed value of purchase cost.The profit will be taxed at 20%.But if you… 1 0 53 Is it any legal problem to sell through Instagram and Facebook without GST Registration below 20 lakhs turnover? If your turnover is less than 40 lakhs for goods / 20 lakhs for services, and you are selling through Facebook/Instagram only within your state then there is no issue!But if you are also selling outside… 1 0 4 What is composition scheme under GST with example? I would suggest you to watch this video: In the video, I have discussed the composition scheme in detail! 1 0 12 In all my documents since matric examination, there is a space between my name and initial. But when I apply for PAN card with this name, I got the card without space between name and initial. So I cannot link aadhar and Pan. What should I do? You can apply for modification of PAN Card on the NSDL portal. 1 0 33 If I start the auto finance lending company on February. There is only 1 month to end of financial year. In this situation, auditing accounts submission is essential or not? If it is a Pvt. Limited Company - Statutory Audit is mandatory!For others - It depends on your turnover 1 0 22 I want to sell on e-commerce platforms and apply for GST for that in propreitor scheme, As I have not started yet, I have chosen a date of my choice for the company to start but what would be the "date of liability of the gst started" for this? It should be the current date, you can't apply with a future date!I would recommend applying for GST registration through a Tax Professional, as there are many things to be taken care of! 1 0 8 It's been 16 days since I have made ammendment in core field (APOB) for Amazon FBA, but still the application shows pending for processing by authorities of state. What to do next ? How to get approved? It usually takes 15 working days to process amendment applications. You can contact the State GST office for the pendency reason. 1 0 28 How do I apply for an e-PAN card? Go to the Income tax portal (www.incometax.gov.in) - click on Instant E-Pan and apply! 1 0 17 I haven't added my dad's middle name to the gst registration form, now the SCN for GST asks for aadhaar card of my dad since it's based on concent I'm registering, what should be done ? Should I add the middle name in form or leave as it is ? The name in GST Registration must match the name on your PAN Card! You have to provide the documents as asked! 1 0 32 Can I change the gst registration date while creating the GeM act ? eg my gst was created on jan 2020 but i want to enter gst reg date as june 2021, is that possible ? We are making gst nill returns from the time of creation to till now No, you can't change GST Registration date! 1 0 21 Why is GST applied if I have an EMI on a credit card, even though interest is already being charged by the bank? GST is levied on the interest charged by the card issuing company!Use of money by credit or loan is a taxable service under GST chargeable @ 18%! 1 0 23 While preparing a profit and loss account, will sales and purchases include GST or not? Can we claim GST in income tax returns as an expense? Lets go to the basics!What shall be the journal entry of taxable sales?Sale of Rs. 100000 + 18% GSTCash/Bank/Party A/c Dr. 118000 To… 1 0 34 What's the threshold limit for GST registration in Punjab? Rs. 20 lakhs for services & Rs. 40 lakhs for goods! To know more in detail - check out my video on when to get GST Registration: 1 0 23 What will happen if I don't register my small business for GST? If your annual turnover doesn't cross the threshold limit (Rs. 40L for goods/Rs. 20L for services) and you don't come under the scenarios where compulsory registration is required, then you don't have… 1 0 33 What should I do when my application for GST registration got rejected? Check the rejection order > see the reason why they rejected your application > correct the same > & apply again! 1 0 54 What is the GST charge on consultancy services and what are the various slabs of it? In my view Consultation Services is taxed @ 18% in GST! 1 0 10 What is the cost of apply for GST number? There is no government fee for GST Registration! If you hire CA/Tax Professional they will charge professional fees!As many things are to be taken care of, it is always better to hire a professional! 1 0 12 Should I upload a consent letter for GST registration on plain paper or stamp paper? Consent Letter should be on the Stamp Paper of Min. Rs. 50, duly notarized! 1 0 64 Is GST applicable on commission income? Yes, @18% 1 0 13 How can a partnership firm be changed into a proprietorship firm under GST law and is it possible or not? Yes, it is possible, you have to apply for a new GST Number as a proprietor by taking over the business of the partnership firm! 1 0 12 Do we need to register for GST if our company doesn't deal in any sales of products or services? GST Registration is mandatory only if your annual turnover exceeds the threshold limit, or if it is specified as mandatory in some cases.Is your company a charitable organisation?Checkout my video on… 1 0 13 Can we start more than two businesses with one GST number? Yes definitely! 1 0 30 Can I sell on Flipkart India without GST number? No!Compulsory registration is required if you are Selling taxable goods through E-commerce operators such as Amazon, Flipkart, Meesho, etc.Checkout my video on it: 1 0 61 Do i need to register for gst for Instagram buissness page? Is it mandatory to fill the tax even if the return is less than 20 lakhs? If you are dealing in products and selling them anywhere in India, then you are required to get GST registration!If you are dealing only in services, then you are required to get GST registration only… 1 0 13 I have taken gst number on 2018 as sole proprietorship. But I discontinued it from long back days. It's till active, but the penalty showing more than 25000 as per norms. I can't cancel it also in portal. What can I do? Can I use it again? If no Returns are filed for 6 consecutive months, then your GST Registration will be cancelled by the department!It is always recommended to get advice from a Tax Practitioner or a CA as Non-Compliance… 1 0 27 Can I get a GST number if I don't own any property on my name (because I live with my parent)? I added my electricity bill (which is on my grandfather's name and he has passed away), but it didn't work? I’m applying for a GST as e-commerce supplier. You have to add a Consent Letter along with the electricity bill.You can make the consent letter in the name of all heirs of the property by also attaching the death certificate! 1 0 24 I have applied for new registration and i received notice. I have filed clarification against notice. Its 7 days now. When will I get a reply? Wait for 7-10 working days! 1 0 25 I am a landlord and I have to make rental agreement for a shop. Shopkeeper is a gst registerd shop. What happen if he vacate my shop in between? Will the gst liabilty be mine? GST Registration is PAN-based. In no way the GST liability can be imposed on you! 1 0 23 I have filed for cancellation of gst in July 2022. The account has been suspended but yet the status of cancellation is Pending for Processing and assigned to Center. what should I do now? Just wait for the cancellation order! Normally it is received in 15-20 days!Remember: After the Cancellation Order, you need to file a Final GST Return in form GSTR 10 within 3 months of the cancellation… 1 0 32 How much is the turnover limit for selling in online platforms like Amazon Flipkart ect without GST from 1 January 2023 after GST council decision in June 2022? The relief of mandatory registration shall be given only for INTRA STATE suppliers, i.e. only if you sell in your home state! - The threshold for that is the same - 40 lakhs for goods.If you want to sell… 1 0 19 My GST registration got rejected stating that business premises shown in house and there is no provision of separate office. I want to sell clothes on e commerce websites from my home. What to do? Did you receive any notice, before the rejection order?You can get GST number for e-com business on your home address. 1 0 72 I live and earn income in India. Will I be liable to tax on Indian income if I procure Canada PR but haven't moved to Canada nor earn any foreign income? Any income earned in India will be liable to Income Tax! 1 0 4 Can we raise commercial society maintenance invoice in a name of tenant for saving other taxes or it must be in a name of owner only? Maintenance charges should be in the name of the Owner/Owner's Firm only! 1 0 25 I have taken a space for rent and have submitted rent agreement for gstin but they are asking for municipal tax receipt/bill. But the tenant's municipal tax is due but i have submitted that.Will they accept it? The municipal tax bill/receipt needs to be recent. If the officer is satisfied with all the documents you have provided, then he will allot the GST Number. 1 0 12 I am a dropshipper. How can I get a gstin no if i don't have any property but my father has? How can I make a rent agreement with my father? Rent agreement not required in your case!You can take consent letter from your father and get it notarized.Other documents required for proof of address are:Electricity Bill, Municipal Tax receipt or… 1 0 92 How can i get the physical pan card if I already have an e-pan? You can just apply for reprint of Pan Card at NSDL website: Request for Reprint of PAN Card 1 0 551 My aadhar is linked to another pan which does not belongs to me. How to unlink aadhar from pan? To delink Aadhar with duplicate pan, contact Income Tax Office in your area. 1 0 180 Can i use instant e pan card for opening bank account? Yes absolutely!E-pan card is 100% valid & legal! 1 0 1681 How to change phone number in PAN card? You can apply modification in PAN card at: Online PAN application But rather it is not necessary! Just update your phone number on Income Tax Portal, by logging in or registering on the portal. 1 0 190 I don't know how but we got Pancard & GST number for our Partnership firm without a partnership registration certificate. Can we register our firm at a later stage by paying fine? Registration of partnership firms was not mandatory until recently. Now many government authorities (PAN, GST Dept) ask for a Registration Certificate. Registration can be done at any time! 1 0 21 How can I open online bank account without pan card? I don't think it is possible. Better get a PAN card online within 10 minutes on the official income tax portal. 1 0 38 How to apply for gst registration in central jurisdiction? This is not possible! When you apply, the GST system automatically shuffles applications to be sent for verification to the State or Centre jurisdiction! 1 0 8 My name in the pan card, aadhar card and the bank account are same. But my name in the itr does not match.So i am unable to refund TDS. What to do? Has your bank account prevalidated?Did you recently applied for a change of name in Pan Card?Need to check some other details also.You can contact Income Tax Call Centre (Number available on the Income… 1 0 87 How to get PAN Card if I got my PAN details but card with photo is not available? If you have your Pan Number, you can download E-Pan card from here - Download e-PAN Card You can also apply for reprint of PAN Card. 1 0 856 No questions added by Shyamal Modi. I am a freelancer. If I purchase laptop for my work (say for Rs. 1L). How does taxation work? What kind of taxation are you looking for?For Income Tax, you can claim depreciation on your laptop as an expense.For GST if you are registered under GST, then you can claim its Input Credit (if used… 1 0 7 I recently applied for new GST registration after my last application was rejected. I uploaded Consent letter on ₹100 stamp duly signed by notary and municipal tax receipt from Nagar Palika. But GST officer still asking me proof of principal place of business. What should I do? You can attach the electricity bill or sale deed of the property. 1 0 15 I have lost my pan. While applying, by mistake i got a new pan card. Can i change pan card number with bank account? You have to surrender your PAN card which is not in use! If you don't remember your old PAN Number, you can contact Income Tax Office in your locality to get the same. Procedure for surrendering Pan Card:… 1 0 60 The electricity bill is in company's name and the rent agreement is in owner's individual name and i have rented a place. How to get the address on gst ? If your business is other than a Proprietorship firm, you have to make a rent agreement in the name of the Company. I would always recommend consulting a professional, as there are many aspects which… 1 0 8 The GST officer did not mention any reason for rejecting the GST application. He just replied that clarification was unsatisfactory in the rejection letter. What should I do? Should I apply fresh? 2 options: 1. Apply again! 2. Go for an Appeal against the order! It is mandatory for the officers to write the reason for rejection. Anyways, option 1 is always recommended for faster resolution! 1 0 17
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