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GST Applicability in case of 2 seperate business on proprietor

354 views 4 replies

Nitesh

Ipcc both group

60 Points Posted on 02 August 2022

If an Individual has 2 business :
1) IT services provider
2) Cleaning Services.

Cumulative Turnover of Both business combined is less than 15 lacs for PY. and similar for the Current year is expected.

Voluntary GST registration taken for Cleaning Services from April 22. GST charged and paid on the same.

However assessed has not charged GST on IT services bills considering that he's unregistered for IT services.

Is he required to issue GST bills for IT services too?

Is there any relief granted from GST for seperate business if turnover of all combined businesses is not in excess of specified limits?

Replies (4)

CS Advocate Abhishek Goyal

M Com FCS LLB M-AIMA

14046 Points Posted on 02 August 2022

As per GST law, registration in case of services is compulsory if turnover under the same PAN on PAN India basis exceeds threshold of Rs. 20 Lakhs or if the assessee deals in inter state supplies. In case of services inter state supplies are exempted from registration if aggregate turnover on PAN India basis under same PAN does not exceed the threshold limit so in your case it does not exceed Rs 20 lakhs so no required.