APPLY FOR GST REGISTRATION

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This query is : Resolved

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This discussion clarifies whether a single individual can obtain two GST registrations in the same city for different business ventures. It confirms that having a new electric two-wheeler showroom alongside an existing trading business is permissible with separate GST numbers. The advice also covers using existing bank accounts for initial capital investment and confirms the reduced GST rate for electric scooters.

raghavendra b

raghavendra b (Querist)

14 November 2021 DEAR SIR,

ONE OF MY CLIENT HAVING GST NO AS A TRADERS. NOW HE WANTS START NEW ELECTRICT TWO WHEELER SHOW ROOM IN THE SAME CITY. NOW QUERY IS

1. SINGLE PERSON CAN APPLY TWO GST NO IN THE SAME CITY.
2. FOR INTIAL CAPITAL AMOUNT RS.1000000/- CAN BE PAID BY HIS TRADERS CURRENT/O/D/SB ACCOUNT
OR IF BETTER TO TAKE NEW REGISTRATION AND OPEN NEW CURRENT ACCOUNT AFTER THAT CAN INVEST THE CAPITAL.
3. FOR ELECTRIC SCOOTER GST RATE IS REDUCED FROM 12% TO 5% IS CORRECT

PLEASE CLARIFY ME YOU SUGGESTIONS ARE MORE VALUABLE

REGARDS

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

14 November 2021 1 yes, two registration can be taken for trade vertical with the same PAN.
2 yes, pay the amount from existing current account no problem.
3 yes, GST reduced to 5%.

raghavendra b

raghavendra b (Querist)

14 November 2021 THANK YOU SIR FOR YOUR KIND REPLIES,

FOR INCOME TAX PURPOSE I HAVE SUGGESTED THEM TO OPEN NEW CURRENT ACCOUNT IN THE NAME OF NEW SRI PARVATHI MOTORS. EXISTING GST NO HAVING BUSINESS OF CATTLE FEEDS AND FLOURS, BRAN ETC. SO FOR THIS PROBLEM I HAVE SUGGEST TO TAKE ANOTHER GST NO BEARING ANOTHER TRADE NAME BECAUSE CATTLE FEED NOT ATTRACT GST. NOW ELECTRIC VEHICLE ATTRACT GST AND SERVICE CHARGES SEPERATELY.

AM I CORRECT TO SUGGEST THEIR PROBLEM SIR,

REGARDS