Gstr 1 frequency
This query is : Resolved
21 May 2018
Dear Experts,
If someone has
A) two distinct GST Numbers for two different businesses but under single proprietorship and
B) 1st business has turnover of 4 to 5 lakh annually and
C) 2nd business has turnover Appx. 2.5 to 3 Crore.
Can he select GSRT 1 frequency Quarterly for 1st business & monthly for 2nd business.
If someone has
A) two distinct GST Numbers for two different businesses but under single proprietorship and
B) 1st business has turnover of 4 to 5 lakh annually and
C) 2nd business has turnover Appx. 2.5 to 3 Crore.
Can he select GSRT 1 frequency Quarterly for 1st business & monthly for 2nd business.
21 May 2018
Yes you can do
22 May 2018
But some experts says ' If aggregate turnover (of all business entities across India) of taxpayer having same PAN is above 1.50 Cr. , he has to file GSTR 1 monthly.
Please clarify.
Please clarify.
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