One of my clients has multiple businesses now such as Trading of Sarees, Trading of Mobile Phone and Rent from commercial Property (all in the same State)
So whether he required 3 GST registration or 1 Gst registration is sufficient
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Gst registration
Replies (6)
1 registration with HSN code of all related business.
single registration ..with all HSN codes of all business
then it may possible that input of Saree business is utilized for output tax of mobile sale?
is the same allowed under gst?
Yes it is possible since you are using it for business purpose only as per section 16. Now one's business may be diversified.
If All are under One GSTIN then You can Combine all the Transactions in One return and You can avail ITC from all the Inputs...
yes u can take credit
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