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Sumit
Sir,
My GST number is from Bihar. I am purchasing a TV on GST invoice from Amazon business website to resale it. I want to know, is it Mandatory for getting the item delivered to my GST registered address for ITC claim or I can bill it to my GST address and get it delivered in any state/city? Please help.
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Dear Sir,
Pursuant to Section 10(1)(b) of the IGST Act, you can have the item delivered from your supplier directly to your buyer and the tax will be charged on the basis of your registered place of business, of which you can claim ITC.
Hence, it is not mandatory for getting the item delivered to your GST registered address for ITC claim and you can bill it to your GST address and get it delivered in any state/city.
Thanks & Regards,
CA Aditya Dhanuka
R
Ragendu K R
Should we register small online workshops
V
Vijay
Sir i want to open my open my domestic money transfer business i want to know how the taxation work in this business
M
Mohammad Arham
My only income is rental income from a property and I fall under the tax slabs. Does it qualify for section 115BAC or do I need to file under the normal old tax filing.
Selection of Old regime Vs. New regime of tax depends on your total Income and available deduction . One sohle compare the same before opting best one.
For discussion you can reach me on ca.rahuldwivedi@gmail.com or 9004485377
Yes all types of income are eligible for section 115BAC but you need to be sure that you are benefiting from same.
You can compare same at; https://www.taxontips.com/calculation-sheet-for-comparison-of-tax-payable-under-new-and-old-tax-regime-for-individual-and-huf-115bac/
D
Dinesh Kumar C
Hi, I and my friend are performing trading in our two separate personal accounts. We would both like to share the profits equally among each other, by forming a partnership. Can we do so by reporting the net profit generated in both personal accounts as the income for the partnership and then pay taxes for the same and then split the profit among ourselves.
Also, we do not want to use the business account of the partnership for connecting with the trading app, we want to continue to use our personal bank accounts for the same, and would like to transfer all the profits generated to this business account at the end of the tenure for taxation purposes.
That won't work like that as you won't be able to show that income you earned in individual capacity as profit of firm and pay tax.
T&C apply
