i want to get some gst tax benefit but i don't have gst number

[vikesh]

hello, actually i am using yaper app to order some phones its roughly around 1 lakh per month i am using this much amount but don't have gst how save

 

[TaxWiser]

hello, actually i am using yaper app to order some phones its roughly around 1 lakh per month i am using this much amount but don't have gst how save

Using the Yaper app to order phones worth around ₹1 lakh per month without having a GST registration can be tricky, especially if you are looking to save on taxes. Here are a few suggestions to help you manage your finances and potentially save:

1. Understand GST Implications: If you are purchasing goods for personal use, GST registration is not mandatory. However, if you are reselling these phones or using them for business purposes, you might need to register for GST to comply with tax regulations. [Pro Tip: Check out MyOnlineCA YT channel for Tax related queries]
2. Track Your Expenses: Keep detailed records of all your purchases and expenses. This will help you manage your finances better and provide necessary documentation if required for tax purposes.
3. Use Credit Card Benefits: Since you are spending a significant amount, make sure to use credit cards that offer cashback, reward points, or other benefits. This can help offset some of your expenses.
4. Consult a Tax Advisor: It’s always a good idea to consult with a tax advisor or financial expert. They can provide personalized advice based on your specific situation and help you navigate any tax implications.
5. Explore Business Accounts: If you are using these phones for business purposes, consider opening a business account. Some banks offer business accounts with benefits like lower transaction fees and better credit card offers.
6. Leverage Offers and Discounts: Keep an eye on offers and discounts available on the Yaper app and other platforms. This can help you save money on your purchases.

Hope this helps

(Source: Conversation with Gemini AI)

 

[vikesh]

Is there any charges to apply for gst number ?

 

[vikesh]

One more thing suposse i ordered one phone and 2200 deducted as tax amount then can i get it back as filing gst return (actually can you explain these terms in detail) because i am ordering 6 to 7 phones and all having aprox 2000 gst deduction but as i don't have gst number i am not getting anything, explain me how to register for gst ,what are the charges and how can i get back these 2000 gst deduction.

 

[TaxWiser]

Is there any charges to apply for gst number ?

One more thing suposse i ordered one phone and 2200 deducted as tax amount then can i get it back as filing gst return (actually can you explain these terms in detail) because i am ordering 6 to 7 phones and all having aprox 2000 gst deduction but as i don't have gst number i am not getting anything, explain me how to register for gst ,what are the charges and how can i get back these 2000 gst deduction.

 

[ankush007]

Is there any charges to apply for gst number ?

Not any government charges though but professional fees obviously. Also water proof documentation would be required

 

[ankush007]

One more thing suposse i ordered one phone and 2200 deducted as tax amount then can i get it back as filing gst return (actually can you explain these terms in detail) because i am ordering 6 to 7 phones and all having aprox 2000 gst deduction but as i don't have gst number i am not getting anything, explain me how to register for gst ,what are the charges and how can i get back these 2000 gst deduction.

You ll receive GST Input Tax Credit which will help you to discharge your output tax liability. If you don't have any running business where GST liability is to to be discharged, then this ITC is of no use to you.