Home |Shyamal Modi Shyamal Modi Tax Advocate | Financial Advisor | Virtual CFO 141 Answers, 1844 Claps, 133148 Views Share × Feeds Questions Answers Guides For obtaining individual GST registration, the premises is a rented house and the rent agreement is in the name of father and the owner. In this case what all documents are required? You can get either a Notarized consent letter from the landlord or make a new rent agreement in your name.For other documents required, you may checkout my website:https://www.smartfinserv.in/gst-registration-services/ 1 0 41 Applied for gst registration with my electricity bill but gst officer wants property tax receipt which I don't have, what to reply in this? I am applying for E-commerce seller. Yes, generally electricity bill & property tax receipt are necessary for applying GST Registration.But in some cases, if ownership documents are available then property tax receipt may not be required. 1 0 81 How to get MSME loan under government subsidy for business operating since last year but got gst registration just now? There are various government schemes for MSMEs under which government offers subsidy along with credit facility.Most banks seek vintage of your business operations.Vintage means any business registration… 1 0 8 I have 2 business, (Proprietorship) retail store and real estate. Registered GST with retail store. Is it possible to change the trade name of retail store to a proper brand name in gst. Can I get listed two business on gst. Yes, you can change the trade name or add multiple trade names.In any case legal name can't be changed.Yes, multiple businesses can be run on single GST Number, you need to add HSN/SAC codes of the businesses… 1 1 13 GST officer asked for some documents clarification including geotagged photo, but i forgot to upload the photo. will he ask for it again or will he reject it ? GST Officer can raise a clarification notice for new registration only once. So, most probably he will reject the application, if all documents are not provided with. 1 0 28 If i am getting my salary in crypto what are the GST implications on selling? Is GST applicable on selling the crypto? GST shall be applicable only if you are providing any service or running any business not if there is any employer - employee relationship. 1 0 8 Clarification filed - pending for order. But they didn't allot GST number in 7 working days. What to do? Currently the time limit has increased to 30 working days due to implementation of bio-metric authentication.But most probably they approve or raise query in 15 working days. 1 0 143 I am working for a company abroad online from india. I am getting paid in crypto. Is this legal if i convert to cash? If so how i file tax for my salary? First things first, Crypto, although taxed, is still not legal in India! There are many platforms to receive your money in legal currency, such as Paypal, Stripe, etc. So, it's better to use them!Secondly,… 1 0 65 I have filed an revised ITR (let's say t1) and I everify it also. But mistakenly i filed revised ITR again (let's say t2) which I didn't everified. I'm continuously getting emails from dept to e verify my ITR(t2).I want t1 to be taken.Any suggestions? Don't E-verify it and discard the ITR after 30 days! 1 1 8 Can a person without GST registration collect amount without charging GST ? Yes, as GST Registration is not mandatory until you cross the threshold limit or meet the conditions of mandatory registration. 1 0 7 We are doing business Industrial Tools and Spares and Electeical items and Spanners. Can we add HSN code Of Biscuits and do business with same GST number? Yes, I would also suggest adding additional Trade Name if it is different from your primary business. 1 0 3 I'm the owner of shop. As I'm giving my shop for rent. And he is asking me for NOC to make a GST Registration. Should i give him NOC or not? Yes, you can give NOC. Otherwise, you can add a clause allowing your tenant to carry on business on the rented premise in the rent agreement. 1 0 9 I got suo-moto notice from GST office stating cancellation of my GST registration after field officer visit. I have obtained GST one week ago only for E-Commerce selling purpose. Doesn't I have any business right now? Reason for cancellation of registration must have been mentioned in the notice. You have to provide your response accordingly. 1 0 3 I am a new online seller (stationary) with GST. But my main income is from art classes. Do I have to charge GST on my art classes which is not related to my online business as I am a proprietor ? Can I show both income different in ITR? GST registration is PAN based; hence GST shall be applicable & charged on receipts from all businesses running under your name & PAN subject to the services/goods provided are taxable under GST.If… 1 0 10 I have my name on gst registration as "LOKESH S**** XYZ" but on gst invoice the name is "Lokesh XYZ". Is that okay that middle name is missing or will there any issue while claiming input tax? There won't be any issue if your GST number is correctly mentioned in the invoice. 1 0 11 I have started a small saree business of Rs 3 Lakhs and my monthly sale has not crossed ten thousand. Do I need to apply for GST? Yes, if you are selling sarees online/out of your home state.Else not required! 1 0 309 I have a manufacturing set up which I am closing since I am seeking a job in a MNC. The MNC HR’s Background verification team are asking for a GST cancellation form but I don’t have a GST number so how do I file for a cancellation? If you didn't have a GST Number for the manufacturing firm, then you can inform them of the same in writing! 1 0 49 I have got my e pan card through e-Filling website few days back. Then I go to verify pan card. That time I faced 'No record found on entered pan card'. I can't proceed with this pan card or reprint it. I can't contact department. What to do? It takes time to get the instant pan card details to be updated in the Income Tax database.I recommend checking after 10-15 days! 1 0 1730 What are the specific requirements for GST registration in case of an online store selling imported sports equipment. A single registration is enough? Since there is no physical activity can this be done from my residential flat? Yes, you can get registration on your residential address if you can store the stock at your house.If you are selling through Amazon FBA in different warehouses across the country, then you have to take… 1 0 64 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 0 136 How can i find out first, middle and last name for Pan card if my name is A XYZ BCDEF? If you have any problem while registering on Income Tax Portal or anywhere, the solution is:Open the income tax portal > click on pay tax > fill in the details and enter your pan numberafter clicking… 1 1448 32731 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 0 141 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 0 141 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 0 346 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 1049 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 35 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 0 314 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 0 367 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 0 111 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 0 334 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 44 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 19 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 0 345 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 55 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 0 103 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 44 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 51 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 2477 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 68 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 0 422 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 0 119 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 30 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 25 What if I do outward supply out of state being a composition dealer in GST? You have to opt out of the composition scheme immediately!Otherwise, penalties may be imposed as a composite dealer can't make interstate sales. Though he can make interstate purchases. 1 0 31 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 1383 My tenant wants to register a business on the rented address and is asking for an NOC from me to get the GST number. What will be the implications for me? There will be no implications for you. GST Registration is PAN-based. 1 0 501 Is GST input credit given for buying a car on a firm's name? Generally, No!Input Tax Credit (ITC) on purchase of a car even in the name of firm is blocked u/s 17(5) of CGST Act. There are certain exceptions to this, you can read them on my blog.Depreciation can… 1 0 239 Is GST applicable on commission income? Yes, @18% 1 0 40 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 37 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 43 No questions added by Shyamal Modi. I'm the owner of shop. As I'm giving my shop for rent. And he is asking me for NOC to make a GST Registration. Should i give him NOC or not? Yes, you can give NOC. Otherwise, you can add a clause allowing your tenant to carry on business on the rented premise in the rent agreement. 1 0 9 GST officer asked for some documents clarification including geotagged photo, but i forgot to upload the photo. will he ask for it again or will he reject it ? GST Officer can raise a clarification notice for new registration only once. So, most probably he will reject the application, if all documents are not provided with. 1 0 28 How to get MSME loan under government subsidy for business operating since last year but got gst registration just now? There are various government schemes for MSMEs under which government offers subsidy along with credit facility.Most banks seek vintage of your business operations.Vintage means any business registration… 1 0 8 I have my name on gst registration as "LOKESH S**** XYZ" but on gst invoice the name is "Lokesh XYZ". Is that okay that middle name is missing or will there any issue while claiming input tax? There won't be any issue if your GST number is correctly mentioned in the invoice. 1 0 11 We are doing business Industrial Tools and Spares and Electeical items and Spanners. Can we add HSN code Of Biscuits and do business with same GST number? Yes, I would also suggest adding additional Trade Name if it is different from your primary business. 1 0 3 No Guides added by Shyamal Modi.
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