Proprietorship to Partnership We are converting from Proprietorship to Partnership. 1)What procedure we need to follow? 2)Whether our ITC will be eligible to be carried forwarded? 3)Any grey areas to be scrutinized? Persons liable for registration. Section 22 (3) of CGST Act 2017 :- “Where a business carried on by a taxable person registered under… Read More »
I am running Rent a car/Passenger Transport service. A foreign rent a car operator is sending its customers to me for which 1.I will provide car rental service in Maharashtra and Bill the foreign based company. 2.I will provide them other Marketing services for which I will receive commission from the foreign based company. … Read More »
We are a Mobile store selling mobile phones. When a customer buys phone above Rs 50,000 and gives his address which is more than 10 kms away from our shop, do we have to prepare E way bill?. Rule 138 (1) of the CGST Rules 2017 :- (1) Every registered person who causes movement of… Read More »
If supplier and receiver both are unregistered and transaction value is above Rs. 50,000 who will generate E-way Bill? Rule 138 (3) of the CGST Rules 2017 :- … Provided further that where the movement is caused by an unregistered person either in his own conveyance or a hired one or through a transporter, he… Read More »
We are manufacturer and have done electrical installation in our office. The expense is capitalized in books of account. Whether ITC would be allowed? Section 17 of CGST Act 2017 5)……….., input tax credit shall not be available in respect of the following, namely:— ………. (c) works contract services when supplied… Read More »
We are GTA (Goods Transport Agency) and transport wastes ( free of cost material ) to another state , but there is no seller because goods is free of cost , but in e-way bill we need to fill up seller detail . How to generate E way bill in this case . Notification No… Read More »
Whether the records are to be maintained physically or in electronic form under GST ? The records need to be maintained physically. In case they are maintained in electronic form, then they must conform to such procedures as may be prescribed Rule 57 of CGST Rules 2017 : Generation and maintenance of electronic records (1)… Read More »
In case, more than one place of business is specified in the certificate of registration, can the assessee choose to maintain records at a single place for all the places within that State? Section 35 of CGST Act 2017 : Accounts and other records . ….. Provided that where more than one place of business is specified… Read More »
Is tax invoice required to be raised for advance payments received for goods or services under GST? Section 31(3) of CGST Act 2017 : ……. (d) a registered person shall, on receipt of advance payment with respect to any supply of goods or services or both, issue a receipt voucher or any other document, containing such… Read More »
A company incorporated outside India purchases goods of Rs 21 Lakh from a manufacturer in India and instructs that the goods be deposited with a warehouse-keeper in India. And then after some time, supplies the goods from the warehouse to a customer also within India. What should be the Place of business in GST Registration… Read More »