Can proprietor take two registration - regular & composition

Registration 1430 views 2 replies

Deep Shah

Job

169 Points Posted on 08 April 2018

I have taken registeration in GST under Composition Scheme though our expected turnover is below Rs. 20 Lakhs during Financial Year (Being New Business). Our retail shop is of Stationery & Xerox. I have checked and come to know that since xerox is service we cannot take composition scheme. So now what option is available with me ?

I cannot go for regular registeration due to unorganised and counter cash sale. So we cannot maintain record of stocks, hsn code, etc.

My business is of proprietor business So is there any way we can take two registeration for e.g. for stationery - Composition and for Xerox - Regular but both the work are at same shop address?

What alternative we have, I don't want to cancel my registeration?

Replies (2)

Pankaj Rawat

GST Practitioner

55067 Points Posted on 08 April 2018

U cannot have two registration on single PAN , yes u can have stationery registration on ur pan & for Xerox on ur wife's PAN , but the work place should be different for both (like cabin , room)

Now u can cancel ur registration but as u were providing service under composition then u have pay differential tax of regular & composition scheme with interest @ 24%, & have to deposit 1% tax on stock

CA Rashmi Gandhi

Chartered Accountant

86505 Points Posted on 08 April 2018

You can't take two separate registration on one single PAN until & unless both are two business vertical. Also you can't opt one as regular & other as composition.

The only solution for this problem is ro make tqo parts of shop & take registration on someone's else PAN.