Menu
gst registration
if a person is already registered under GST as a proprietor of firm, now he wants to open a new proprietorship concern in the same state in which he is already registered with different trade name of new firm, though nature of business remains same. whether he has to apply for fresh registration as trade name is going to be different? kindly clarify.
Replies (2)
It will operate under the same GSTIN as the new firm cannot be treated a separate business vertical just because the trade name is different.
For a new business to be treated as a separate business vertical, it has to deal in separate goods or services having separate risks and returns.
- Further, refer Sec. 2(18) of CGST Act.
but when the goods are to be purchased from the seller under new trade name, the seller will file gstr1 for my gstin which is already registered with different trade name, then the goods purchased will be reflecting under the earlier trade name. I think there are some practical issues to be dealt with.
Recent Topics :
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
- Dividend from co-operative society
- SECTION 139(10) OF THE COMPANIES ACT, 2013 CASE
- TDS u/s.194C returns filed in ITR-1
- TDS on Property - Form 26QB Related
Related Topics :
CAclubindia
