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Aadit Unni
I am planning to start a ecommerce business doing dropshipping.
So basically I make a site and add a product from a Chinese site.
When a customer orders from my site, I go to the chinese supplier and order from them with my customers address. I am like a middlemen but I decide the product price and profit.
So is there any tax like gst involved as I am not planning to sell in India but to US and other countries only and there is no import and export or inventory in India.
And do I need to register my business and how to get a GST number but no need to file taxes as I need the number to apply for Facebook ads.
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No tax liability in India since it is out and out supply.
For taking GST number, you need to file GST Registration form available on GST website. Also, once you register under GST, you have to file returns irrespective of zero sales.
For more queries, you can reach me at +91 9967694668 or urvii.gandhi@gmail.com
Thank you:)
T&C applyM
Malaya
Hello,
I incorporated my company as a pvt. ltd. on Jan 2017, but due to severe financial situation I was not able to begin any operations, its been 2 years. I have not even opened any bank a/c to perform any transactions. I don't know what to do next whether to close it or not. Please advice.
Regards
Malaya
Now you can file Annual forms and again activate the company or you can further opt to wind up the company as well.
Our Team at Finaco would help you in getting the work done at faster and cost effective manner
Thanks for getting back to me
If I choose to activate what process I have to go through and how much it would cost me? Or
if I choose to wind up what would be the process and how much it would cost to me?
If I wind up now will I be able to incorporate a company in the future or are their some restrictions?
Let;s take each option seperately
1. if you go trough process your government costs would atleast be 25-30k
2.Wind up Process requires clearing up old filings along with penalty
3.Yes if you wind up now, you can set up a new company in future, there are no restriction however in case for 3 years if you don't file annual returns of existing company you would be disqualified for 5 years.
Since its been 2 years, what would be the penalty upon winding up now?
T&C applyH
Harsh
I am about to join a central government job soon. I hold shares of various companies amounting to a total of Rs. 1 lakh approximately.
Will this create any problem for my job if I continue to hold these shares for long term ?
Is trading in shares/stock market allowed for central government employees ?
Please provide details.
need not worry about investment, for more details call on 9708549709
T&C applyK
Kartik
My PF(<1L) + ELSS contribution = 1.50L, if i invest 50K in NPS will i get additional tax benefit of 50K ?
M
Md Tauseef
My father's income Tax gets debited at the source, as he works in a Public Sector Undertaking.I am a student, whose account balance rarely goes above 30000. Recently my father invested in some Real Estate. The amount of about 13 lac was first credited to my account from his Salary account, as there was some emergency in his office: so he was very busy and I was asked to transfer the amount to the Real Estate agent, as soon as the agent made a phone call.
The amount was in my account for around 8 to 9 hours.
My Question is: am I liable to pay tax for 13 lac Rs which was in my account for 8-9 hours
