Pan card in name of business name mandatory for online store
Querist : Anonymous
I'm planning to start a small online store. However I need some clarifications...
1. Do I need a separate PAN card in the name of my store for accepting Payments (I already have PAN card).
2. Do I need to apply for GST even if the turnover is less than Rs. 10000/month. I'll be working as a reseller mainly where GST would already been paid by 1st seller.
3. Most of the payment gateways ask for business PAN card (name in PAN card should be same as of business), are their any consequences if I register for a payment gateway with my name (individual name instead of business name).
Thanks for all your replies....
Expert : Anonymous
2. Not advisable
3. No problem.
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