My client has a composition licence to retail business. Now he want to start a Educational School. can he take a new gst licence for school with his same pan.
Gst registration
Replies (4)
Yes he can take a different gstin but he will have to convert from composition to regular
The already registered in Composit scheme cannot have another registration in Regular scheme under same PAN (in term of Section 10 CGST Act )
Moreover composit dealer cannot provided services More than 10% of turnover or 5lac which ever is higher hence you have to convert to regular scheme for both business .
You just switch to Regular scheme from composition scheme & carry both business under one registration (As regular)
Moreover composit dealer cannot provided services More than 10% of turnover or 5lac which ever is higher hence you have to convert to regular scheme for both business .
You just switch to Regular scheme from composition scheme & carry both business under one registration (As regular)
ok, thnq sir
Agree with Pankaj Sir's view...
If a person is Registered under Composition Scheme, then he cannot register under Normal Scheme for same PAN Number.
If a person is Registered under Composition Scheme, then he cannot register under Normal Scheme for same PAN Number.
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
