I have trading proprietorship business of tiles with turnover of more than ₹ 20 Lakhs p.a. having GST registration against my PAN.
I have goods carrying business (unregistered) also with turnover below ₹ 20 Lakhs p.a. (Only 1 truck of 35 MT). Is Showing transportation transactions in GST return necessary?
As a Sole Proprietor, all incomes will be clubbed together for Income Tax purposes and for determining the Agreegate turnover limits under GST. GST registration number is PAN based.
If two firms are operated under Single PAN with different trade names i.e. A tiles and A transportation...then you can not do like one is Registered under GST and other as unregistered.
You are required to show all your income under GST (both business).
CAclubindia
