J
John Babu
In new tax regime is standard deduction of ₹52500 applicable only for income more than 52.5 lakh ?
S
Sagar S
Is MSME and Shop and Establishment Act both registration are compulsory for selling digital products in India and abroad ?
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To be covered under MSME the business should be either manufacturing or a service. MSME Registration is not enough for the ecommerce marketplace.To register your ecommerce business & start selling on the marketplace, you need to register for GST.
An e-commerce entity can function without a registered workplace, so registration under Shop and Est act also not mandatory..
S
Sagar S
What is the process of sole proprietorship registration for selling digital products online like ebooks etc in India and abroad ?
It is mandatory for e-commerce operator to obtain registration under GST and will not be eligible for threshold limit, irrespective of the value of supply. For more professional help , reach us @ www.tarunguptaca.com or call at 9218516819
S
Sai
I have residential property which I am planing to rent out for a Play School for a period of 2~3years.what are the GST implications on the rent income? I am a salaried employee and not registered under GST
If you are earning income from business, including rent and any other exempted income of more than Rs 20 lakh per annum, you will have to register yourself under GST. For more professional help , reach us @ www.tarunguptaca.com or call at 9218516819
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Subaddra
Hello! I own a registered services company and mainly provide translation services. I have LuT and recently got a project through an online platform called Upwork Global Inc. The project was done for $75. How it works with Upwork is that the client remits the money to Upwork, in turn after a week, Upwork deducts 20% as service charge/ commission and deposits the balance amount to my bank account. Now comes the confusion. I raise invoice for $75. But got only $60 whose equivalent of Rs. 4705 (apprx) was deposited to my bank account. Now how do I raise file GSTR? I cannot equate the value of $75 and create GST invoice because it will contradict the deposited amount. I can't do vice versa because the client did pay $75. Please help.
Hello, You can create invoice for the deposit amount, which you got for the services provided of rs. 4705 and this amount was inclusive of GST if you have not charges separately. For more help write on capushkaragrawal@gmail.com
Subaddra 27 Feb 2023Thank you very much🙏🏻
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