GST 1235

124 views 1 replies
User Avatar

ipcc
86 Points Joined March 2012
CAN WE TAKE GST NUMBER IN HUF WHICH IS THE ALREADY HAVE TWO GST NUMBER IN SAME STATE. HOW MUCH LIMIT TAKEN GST NUMBER IN GST ACT
0 Reply Share Follow
On 08 October 2024 at 19:53 Report
Replies (1)
User Avatar

Master in Accounts & high court Advocate
9505 Points Joined December 2011

A business can have multiple GST registrations, but these must be for different business verticals ¹. To determine if your business meets the GST threshold, you need to calculate your aggregate turnover, which includes revenue from sales and services, export earnings and interstate supplies ². The GST exemption limit is set at Rs. 40 lakhs for goods and Rs. 20 lakhs for services ². In your case, you can take GST number in HUF, but you need to ensure that you meet the GST threshold and comply with GST regulations ¹. The limit for GST registration is Rs. 40 lakhs for goods and Rs. 20 lakhs for services, and if your business crosses this threshold, you will need to register for GST ². However, if your business has multiple verticals, you can have multiple GST registrations.

Reply
On 09 October 2024 at 16:13


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading