Prop. firm sister concern
This query is : Open
01 August 2017
Suppose prop Mr. A has a firm in the name of ABC. and he has registered under GST with annual turnover of 35 lakhs
Now Mr. A is also prop. In firm B. The annual turnover of firm B is RS. 60 lakhs. And not registered for GST.
NOW will the GST number shall be same for both the firms or what will be the cost guidelines to follow in this type of case.
Now Mr. A is also prop. In firm B. The annual turnover of firm B is RS. 60 lakhs. And not registered for GST.
NOW will the GST number shall be same for both the firms or what will be the cost guidelines to follow in this type of case.
01 August 2017
GST registration is PAN based. if they are proprietary concerns then the limit of 20 lakhs applies to consolidated turnover of both concerns since the PAN for both will be the same
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