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Selection of Core Business Activity on GSTN Portal

Rohit Kumar Singh 
on 09 March 2021

LinkedIn


Selection of Core Business Selection on GSTN Portal for Registered Taxpayers

Recently GSTN has introduced a facility to identify core business activity from one of the below options

  1. Manufacturer
  2. Trader
  3. Service Provider and Others
Selection of Core Business Activity on GSTN Portal

One may choose any ONE of the aforesaid activity based on below criterion -

S. No

Category

Explanation as per Portal

1

Manufacturer

A manufacturer is a registered person produces new products from raw materials and components using tools, equipment’s and machines and then sells them to the consumers, wholesalers, distributors, retailers or to the other manufacturers. A manufacturer may sell some more brought out items or may provide some ancillary services with his manufactured goods, but he would continue to be classified as manufacturer because it is the Primary Business Activity.

2

Trader

A trader is a registered person who engages in the buying and selling of goods.

Traders have been further classified as -

  • Wholesaler or Distributor

Retailer

  • Retailer includes a registered person selling goods through e-commerce operators.

3

Service Provider and Others

A service provider is a registered person who provides service to a recipient of service and is neither a manufacturer nor a trader.

e.g. Banking service, IT service, works-contract service, agents, intermediaries, GTAs etc.

 

Action to be taken

  1. Login to the GSTN Portal.
  2. On prompting to select the activity, please carefully assess your business activity based on aforesaid explanation
  3. In case your business activity falls under more than one activity, select core activity which has highest turnover
  4. You may change the core activity later on.
 

Notes -

  1. You can select only one core business activity.
  2. In case all activities are applicable to you, kindly select your core business activity.
  3. Others will include Work Contract and Other Miscellaneous items.
  4. In order to understand the definitions of Manufacturer / Trader / Service Provider, you can click on “Information Button”.
  5. Further if you want to change it in future you can do it by navigating MY PROFILE>CORE BUSINESS ACTIVITY STATUS.

Update on GSTN Portal

Taxpayers are required to select their business activity only once, as - Manufacturer, Wholesaler/Distributor /Retailer, service providers & others post login based on highest turnover amongst them. You can change the same later.

Link for Latest YouTube Videos released -

Video Topic

Link for Video

Refunds in GST

https://youtu.be/R8-tH7atZ1c

Job Work process and Documentation

https://youtu.be/2ebZdS6vpJU

How to face GST Audit by Department

https://youtu.be/OW-RoqgjS2o

Accounts and Records in GST

https://youtu.be/tYGP15QD1eI

YouTube Channel Link

https://www.youtube.com/channel/UC8C6aDio4FnzTMryvRgkDRg/


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Category GST
Other Articles by -
Rohit Kumar Singh 

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