MR. XYZ (Proprietor) is registered with GST. His Son MR. PQR is starting a new business with a different name with separate entity. Is PQR required to obtain GST Registration from the day one since XYZ and PQR are related?
MR. XYZ (Proprietor) is registered with GST. His Son MR. PQR is starting a new business with a different name with separate entity. Is PQR required to obtain GST Registration from the day one since XYZ and PQR are related?
If the aggregate turnover of a PQR crosses the threshold prescribed (20 Lakhs/10 Lakhs) as per section 22, then he has to get registered in each of the states from where he is making taxable supply of goods/ services. He is required to obtain registration for branch offices irrespective of the turnover of such branch office. Further, he is not required to obtain registration mere on ground that his father is registered under gst and basis the relationship criteria. Please note both are separate entities (bearing different PAN number). Trust the same suffice your requirement.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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