2 seperate building projects, can builder take 2 gstn?

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A builder in Maharashtra is seeking to understand if they can obtain two separate GSTINs for two distinct building projects. Both projects are under the old 12% GST scheme and will have separate accounting. While the concept of 'verticals' has been discontinued, current GST provisions allow for multiple registrations within the same state for different business activities or projects. It's advisable to have separate GSTINs for each project, especially as GST law now mandates project-wise record-keeping for real estate.

Kunjan

Kunjan (Querist)

25 February 2023 currently builder has one bilding project under old 12% scheme with itc.
now, due to bombay court order, builder compnay has got another building project to be completed.

so, in same maharashtra state, can builder pvt ltd. co have 2 gstn ?

both are under old scheme gst output rate 12% and allowed to take itc.

both will have seperate tally accounts.

my view--> yes, both can be said to be seperate verticals.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

25 February 2023 Yes, you are right in view of separate vertical.

CA Altamush Zafar

CA Altamush Zafar (Expert)

26 February 2023 The concept of verticals have been discontinued. But provisions have been amended whereby you can take multiple registration for same type of business in same state. Therefore for each project if you wish you can take separate registration.

Message likes : 1 times

Kunjan

Kunjan (Querist)

28 February 2023 ty sirs. yes seperate vertical is gone. so in one pan, i will take 2 registrations in same maharashtra state for 2 diff. building projects.

CA Altamush Zafar

CA Altamush Zafar (Expert)

28 February 2023 Yes go ahead with it. It's actually better to have different GSTIN for each project since for real estate it is now mandatory to keep records project wise as per GST law

Message likes : 1 times

Kunjan

Kunjan (Querist)

09 March 2023 just realised a fact from clinet
, one s works contract other is regular gst registration.. going for 2 gst nos. building project wise thank u sir

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