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2 business under same pan
2 business on the same pan(proprietorship) is going.. GST registration is taken for 1 business. So turnover of both business is liable to GST or only for which registration is taken?
Replies (7)
Quick Summary
What is aggregate Turnover of another business which is unregistered ? .
Turnover for both business is below 20 lakhs (PAN based)
What is Business ?. Is it Voluntary registration ? , because you have mentioned Turnover is bellow 20 lac . please elaborate in detail .
If you are registered then you are liable for tax for all business under same pan. Provided other business is not an exempt supply
Yes. voluntary registration is taken & the business is provoding amc sercices of water filter
It's not an exempt so you need to pay GST on same supply.. if you don't want to pay GST on this business then you can constitute a firm and carry business under that pan
Gst is liable to be paid in the following cases:
1.depending on the turnover.
2. depending on the transactions.
3. taxable person engaged in merchandising of goods and services .
4. if threshold limit is crossed then you hv to pay gst.
Every taxable person is liable to pay CGST SGST EXCEPT WHERE TAX IS PAYABLE UNDER REVERSE CHARGE.
1.depending on the turnover.
2. depending on the transactions.
3. taxable person engaged in merchandising of goods and services .
4. if threshold limit is crossed then you hv to pay gst.
Every taxable person is liable to pay CGST SGST EXCEPT WHERE TAX IS PAYABLE UNDER REVERSE CHARGE.
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