Registration

Save Share

This query is : Resolved

Quick Summary

A client registered for GST with a retail mobile business wants to start a wholesale mobile distribution under a new firm name, though the proprietor and business nature are the same. The core question is whether a new GST number is required or if the existing one can be used. If a new number is issued for a different firm name, it's advised to apply for a new GST number, which will differ from the old one in the 13th digit, to ensure clarity for input tax credit claims by other parties.

sachin Alwadhi

sachin Alwadhi (Querist)

16 January 2020 Gst Registration Case

My client registered In Gst and duly filing gst returns And nature of Business Retail sale/Purchase of Mobiles.Now january onwards client got distribution work of wholesale mobiles of another company. Now client wanna to maintain different books for existing and new work but nature of the work is same and proprietor is also same..for this client wanna to open a new firm.First question can we use existing gst no in new firm or need to apply new gst no.if yes then how other parties will take input tax ccredit specially when gst no same but firm name different.

Amol S Joglekar

Amol S Joglekar (Expert)

16 January 2020 for sole proprietor, no need to apply for new GST number.
If you want to do the new business in some new/different trade name, then you can apply for new GST number. It will be the same as the old one except 13th digit.

sachin Alwadhi

sachin Alwadhi (Querist)

16 January 2020 okay,But firm name different from existing one.Then under existing gst no how will other party will take input tax credit specially when invoice raised under new firm name.

Amol S Joglekar

Amol S Joglekar (Expert)

16 January 2020 as I said, if firm name is different, apply for new GT. It will be same except 13th digit of the the old number

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now