QandA

Hello there, Yes, You can buy DSLR Camera using someone else’s Amazon Business Account. There is no restriction on business accounts buying personal Goods. You, however, need to take care that you cannot claim GST input credit for the Purchased product as the DSLR is not used for business purposes. GST credit for any purchases

Yes, it’s true. Let us understand the logic behind this. Tax slabs are applicable to all, i.e. Individuals, HUF, Private Trusts, AOPS and more. Raising a Tax slab would require separate mentioned to all the assessee while raising a Rebate u/s 87A bring the impact of these tax benefits only for individuals. In Simpler terms,

I will first answer your queries in short and then detailed. Yes it is eligible to be registered in composition scheme provided it follows few rules That his turnover is below the threshold limit of the respective state at the respective time of registration. There are No Sales outside the state by the medical store.

नमस्ते, हां, आप अपने चाचा को ब्याज मुक्त ऋण दे सकते हैं लेकिन यह सुनिश्चित करें कि यह केवल बैंकिंग चैनल से हो। अर्थात, आप उन्हें बैंक हस्तांतरण के माध्यम से ऋण दे रहे हैं, न कि नकद ऋण। Tax Implications: – 1. यदि आपने ऋण लिया है और फिर उस ऋण को अपने चाचा

Hi There, There are two situations which could occur, Is the turnover of your RWA (residential welfare associations) more than Rs. 20 lakhs in one year and are they registered under the GST Act? Is the Turnover of Your RWA less than 20 lakhs in one year and they are not registered. Let us consider

Hi there, This is a very interesting question. The answer is based on three situations:- Are you selling your personal products? Personal products include those products which you bought for day-to-day life usage such as furniture, electronics, vehicles, etc. Are you selling your business products, for example, you are a GST registered dealer and you

Getting GST registration could be an easy task but maintaining it requires a full-time consultant to check and complete compliances. Many sellers who are very talented are opting for their personalized creations to be sold through e-commerce platforms. This varies from art to decorations. Soaps, cosmetics and eatables and thus we cannot forget chocolates. Everyone

There is no harm in you issuing a tax invoice even if you don’t have any purchase bills. Purchase bills are required when you are claiming ITC on the product. In your particular case, There should not be an issue as you are going to claim any input credits. You, however, need to charge complete