Is an unregistered dealer required to inform the tax authority about his business ? If yes, to whom? Is he required to get any establishment license etc? What is required to start a proprietorship business? more
There is no need to inform any tax authority if your turnover from business or service is less than the thresh hold limit for getting registration under GST. As far as establishment license or any other license is concerned it depends upon the nature of your business or service you are providing. No additional formality is required to start proprietorship business as the PAN of proprietor will be used in proprietorship business. Only current account will be opened in a bank for doing business. Rest you may contact me through my mail id adv.sanjeevgoel@gmail.com or through cell at 9899390850 more
any person or firm or company can do business under GST regime as unregistered dealer whose turnover from business is less than 40 lakhs or from service less than 20 lakhs. more
Upto 40 Lacs turnover, there is no need to get registrations. Those dealers who are not registered under GST are termed as unregistered dealers. It may be an individual, Sole Proprietor, Firm or a small company. more
My cousin’s friend runs a local bakery in Goa. He accepts only CASH. No UPI/CC/Debit Card-- nothing! Logic: if he accepts anything in 'white', he will pay around...
Interesting how poor people and commoners pay GST on pretty much everything they buy from biscuits to namkeen, milk to grocery And rich buys iPhone, Luxury Cars, etc as Business Expenses...
Cut & polished diamonds are charged 1.5% GST. Flour & curd are charged 5% GST. Diamond walas can fund politics but aate dahi doodh walas can’t?? Plea...
The GST Council has recommended 5% GST on dairy items like pre- packed, pre-labeled curd, lassi and butter milk and increasing GST on dairy machinery and milking machines from 12% to 18%. This move...
Bicycle will attract a GST rate of 12%, but diamonds will attract only 0.25%. At a time when people aren't able to afford petrol & the poor are forced to commute on cycles, the govt charges 12%...
The Private tutors and coaching classes runners should be registered by the local authorities like Panchayats, municipalities and metros through simple forms with names, addresses of operators, the...
Rs6.14 lakh crore as input tax credit (ITC) remains blocked under Rule 86A by the tax authorities without any due process being followed. Attached is data by state. Can LocalCircles take up this is...
Dear All, I live in an affordable housing society under PMAY in Gurgaon for the past two years. Maintenance is supposed to be free for five years. Builder has increased CAM charges twic...
The leaders of the Govt, the babus of the Govt are very clueless LocalCircles and we have not done enough to wake up these people. Read below: 5% GST on COVID vaccine. 28% GST...
What's the most taxed product in India? It's not cigarettes, a can of aerated beverage or a bottle of whisky or beer. It's an AUTOMOBILE. It attracts the highest GST rate of 28% & a cess o...
By Sunita Varghese
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