Q. I am a Small Dealer, not Registered under VAT or Not having TIN, Do I need to Register under GST?

No, If you are a small dealer and does not have a VAT/TIN number, you do not require to register under GST.

Q. I am a Service Provider, Registered in Service Tax, How I will get registered under GST?

For Service Providers, registered under Service Tax, the GST migration will start from 1st January 2017.

Q. If I already have Rs. 1 Lakh in Account and I have deposited Rs. 2 lakh in Account, do Income Tax Scrutiny comes?

Scrutiny would not come in this case , as the deposited cash is less than Rs. 2.5 lakh limit.

Q. If I deposited the cash, my combined limit of bank account exceeds, Do I need to worry about Income Tax Scrutiny?

If the combined limit of the bank account i.e. previous balance in the bank and the new cash deposit combinedly exceeds Rs. 2.5 lakh, the depositor need not to worry.

Q. Can I Deposit cash more than Rs. 50,000 in Savings Bank Account in a Day?

Yes, you can Deposit cash of Rs. 50,000 or more in a day in your savings Bank account after quoting of your Pan.

Q. Can I Deposit Cash in Installments in my Bank Account?

Yes, you can deposits cash in Instalments in your bank account if you are having an accounted money and the source of which is provable in front of the IT officer if asked.

Q. I have Three accounts on my Name, Can I deposit Rs. 2.5 lakh in Each Account?

No, it doesn't mean that if someone has Three or four accounts in his name, he should get three or four exemptions limit.

Q. Apparel Export Promotion Council – Export Promotional Council

Apparel Export Promotion Council (AEPC) was incorporated in 1978 as an official body of apparel exporters in India that provides invaluable assistance to Indian exporters as well as importers/international buyers who choose India as their preferred sourcing destination for garments.

Q. CEPC – Carpet Export Promotion Council - Export Promotional Council

Carpet Export Promotion Council (CEPC) was established by exporters under Companies Act in the year 1982 and is a non-profit organization, set up with the objective to promote and develop exports of Handmade Carpets, Rugs and other Floor Coverings.

Q. Basic Chemicals, Pharmaceuticals & Cosmetics EPC (CHEMEXCIL) – Export Promotional Council (EPC)

Basic Chemicals, Cosmetics & Dyes Export Promotion Council popularly known as CHEMEXCIL is set up by the Ministry of Commerce & Industry Government of India in the year 1963 with the objective of promoting exports of the following items from India to various countries abroad.