GST 1235

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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
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On 08 October 2024 at 19:53 Report
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Master in Accounts & high court Advocate
9447 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.

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On 09 October 2024 at 16:13


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