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firm or sole proprietorship

220 views 2 replies
hi all,
i am a service provider, and also having regular GST taxpayer.
i now want to start another business of restaurant,
for new business i cant opt composition, as i already registered under regular.

1. if i want to continue with regular then what is rate of gst

2 whether i start with my mom as partner(firm), as i heard that enahncement of exemption limit for goods sales only. not for service.

urgently
Replies (2)
1. It's 5 % without ITC

2. No the threshold hold limit for Registration is same for both Goods and Services
good clarification and information


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