GST Applicability

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Student
44 Points Posted on 25 December 2020
One person is conducting two businesses and if turnover of one business is more than 40 lakhs and turnover of other business is less than 40 lakhs than he have to take registration for both the businesses or take registration only for the business whose turnover is more than 40 lakhs ???
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On 25 December 2020 at 20:30 Report
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This discussion clarifies GST registration requirements when an individual operates multiple businesses. If one business exceeds the 40 lakh turnover threshold, registration is mandatory for that business. For businesses below the threshold, voluntary registration is an option. If the businesses are in the same line of trade and under the same proprietorship (PAN-based), a single GSTIN can cover all, merging their turnovers. However, if the businesses are distinct, the turnover of each business is considered independently for registration purposes.

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Chartered Accountant
24588 Points Posted on 25 December 2020
Which is more than 40 lakhs that business should take registration
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On 25 December 2020 at 21:10
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STUDENT
1631 Points Posted on 25 December 2020
One registeration enough for same line of business !
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On 25 December 2020 at 21:54
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Chartered Accountant
24588 Points Posted on 25 December 2020
Voluntary registration can be taken for below 40 lakhs turnover
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On 25 December 2020 at 21:55
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STUDENT
1631 Points Posted on 25 December 2020
Yes , can taken ...
Constitution is proprietorship , take one registeration , each business turnover is merged to the single GSTIN
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On 25 December 2020 at 21:59
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Chartered Accountant
24588 Points Posted on 25 December 2020
Yes for same line of business one registration should be taken
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On 25 December 2020 at 22:01
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STUDENT
1631 Points Posted on 25 December 2020
Okei ...
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On 25 December 2020 at 22:04
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article
734 Points Posted on 26 December 2020
Well registration is pan based .u have look in turnover based on pan of owner then decide for registration.
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On 26 December 2020 at 11:56

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