Tax questions on GST

Hi, As a new mobile game development company, we are interested to know how the revenue from the following 3 platforms is treated for the purpose of GST: 1) Apple App Store 2) Google Play Store 3) Google Ad Sense If anyone has any experience with this, I'd like to know the following: 1) Do these companies give the option to make payments in USD to Indian companies or INR only? 2)...

Hello All, I have recently started print on demand business for t-shirts in India and planning same for USA, and Canada. Process Followed For India 1: I am planning to sell through Website to Indian audience within India except few states in North. I shall add designs printed on t shirt and sell it through website 2: When someone orders, t shirt online, it would be passed to vendor who ...

I am an independent consultant in IT working from home in Maharashtra with an income over 50 lakhs. Firstly, do I need any trade licenses like shop license (shop and establishment acr), PTEC, PTCR? Secondly, I did not raise invoice with GST for my clients till I was about to cross the threshold of 20 lakhs. Now if raise an invoice, I will be crossing the threshold of 20 lakhs (total woul...

I am a seller based in India sending goods to amazon USA for sale. Since the goods are going on consignment basis to their FBA warehouse in USA, and I realise the payment from Amazon when actually sale happens to individual customers through Amazon USA portal, I am unable to determine the value at which I should create invoice, at the time of shipping. The sale price fluctuates due to discounts...

I filed Quarterly Return for the period for July-Sep'23 with credit note Amount CGST Rs. 17162.10 & SGST Rs. 17162.10. Out of this amount Rs.8010.00+Rs.8010.00 deducted as SGST & CGST respectively. The balance amount of CGST Rs.9152.10 & SGST Rs.9152.10 shown negative at last column - total Liability (Outward supplies other than reverse charge). From october'23 I opted for a monthly file inste...

I am planning to start an Online Coaching Business on my own with no capital as such. I will be providing mentorships to students and also there will be certain skill based courses which I want to sell. I am the instructor of those courses as well. I don't want to start by incorporating a Pvt Ltd or Partnership. I am thinking of starting as an individual and get a Trade License from the local b...

I am an E-commerce exporter having account with ICICI Bank and bank has given me a facility wherein I can login to my ICICI bank account and use Trade online software which shows all Pending Imports and exports submission. Trade online has started showing me List of CSBV shipments starting from 1st April 2023 ( see attached) Now, the Problem is that how do I Match the funds with Digital Firc's ...

As per recent notification from GST, the hotels are required to charge 12% if the room rent is less than 1000 per day. https://www.cnbctv18.com/economy/gst-council-meet-hotel-rooms-below-rs-1000-per-day-to-attract-12-percent-tax-13971862.htm For Hostels & PGs for Students, and Working Professionals, we would like to clarify the following scenarios. Our business - We take properties on ...

Dear Sir/Madam, I had booked a plot of land measuring 1150 sq ft with a builder at Rs 150000/- in August 2019. He was to build a duplex in the said plot of land with built up area 2061 sq ft( Ground Floor- 837sq ft, 1st Floor 837 sq ft and 2 nd Floor 387 sq ft) and sell the duplex along with the piece of land to me. The total consideration amount agreed was Rs 6500000/-, out of which Rs...

Hi, I am planning to buy resale flat in Pune. This building and said flat has not received completion certificate. Partial completion certificate is received for some flats and those flat owners received possession from builder. Society is also formed by those flat owners. First owner has not received the possession letter from builder. This building is joint venture between first owner (...

Dear Sir/Mam, Thank you for contacting CBIC Mitra Helpdesk. The reference number for this interaction is Dear Sir, I booked a 2BHK under construction flat in Patna (Bihar) on September 2018 with carpet area 850 sqft (Super built-up area 1060 sqft). As per government it is coming in affordable housing and As per government GST was for affordable housing is 8% in September 2018 but builder is...

I am a freelancer and I have multiple streams of income: 1) I get paid for designing websites for international clients. I receive money on paypal. 2) I am also working as a virtual assistant for an international client and receive payment on paypal. 3) I have a print-on-demand store on teespring and they pay me through paypal. Basically what happens in this type of income is that th...

Hi, I have a web design agency in Rajkot, Gujarat. I have a question related to GST. I know that I don't need a GST number if my annual turn over is less than 20lacs. I'm expecting to reach turn over 20 lacs this year and here is my situation: 1. It is a proprietary firm. 2. I don't have GST number yet. I'm filing regular income tax returns and also pay advanced tax. 3. All my income is...

Hello, I live in Bangalore and I am have started a dropshipping business business from my own website www.myWebStoreShopping.com. My target customers are from across the globe, including India. And once the customer places an order from my website I forward that order to my suppliers based in China who then ships the order directly to my customer irrespective of the location. (international c...

I have started a small enterprise (like a freelancer) with 2/3 people to provide technical service and sales to the industries. My enterprise is Proprietary ship, get trade license from local Panchayet and a have company current bank account. I do provide service ( plan to sales) on all over India. I have contacts. I neither have GST registration nor applied yet. And as of now also not in...

Checking the records for one of our client we came to know the GSTN is of Partnership firm and whereas the client is carrying on the business in the capacity of Proprietorship Firm. Brief Background is that that during the VAT regime the client was registered as Partnership firm. Due to death of one of the partner the partnership firm cease to exist. The other partner took over the business an...

Company is selling single units under row housing to customers Company will sign single agreement with the customer that company will first sell the plot to customer and get the registry done in the name of prospective customer and once the Registry will be done in the name of customer, the construction activities on the same registered plot will begin. Sequence of activities: Company will...

Dear sir my client purchase sand, stonechips direct from khadan , he does not get any gst bill from khadan, but when he sells this sand and stonechips to big construction project he charges gst and generate gst bill by adding 5% gst and regularly deposited the gst amount to the goverment as out put tax. as he dos not get any gst input tax from khadan he deposited only the output tax. my ques...

In Notification No. 10/2017-Central Tax (Rate) New Delhi (dated 28th June 2017) Govt. notified Margin Scheme for relief to the dealers deals in Second Hand Goods from cascading effect of Tax. I have some queries regarding Margin Scheme. 1. Input Tax Credit on purchases made by dealer who opts Margin Scheme 2. Input Tax Credit to the buyer who buys goods from a dealer opted Margin Scheme. 3...

Hi have created my online webstore . I had linked with some 10-15 suppliers. I also made fb insta and Whatsapp groups and sell through them. When I receive a order in my website or on my social media groups I forward it to my supplier/wholesaler/manufacturer and make full payment. My supplier/ manufacturer ships the product to my customer.I usually sell a Rs 100/- more than the price I got/ the...