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GST REGISTRATION OF BUSINESS

26 November 2021

in a single state I'm involved in 2 types of business in different business verticals (different risk and return) I can take 2 separate GST registration for the same ,but is it compulsory ?? can I continue doing both my business under a single GSTN?

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Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (3303 Points)
Replied 26 November 2021

All the businesses supplying goods whose turnover exceeds INR 40 lakh in a financial year are required to register as a normal taxable person. However, the threshold limit is INR 10 lakh if you have a business in the north-eastern states, J&K, Himachal Pradesh, and Uttarakhand.

Trex Gaming_67 (243 Points)
Replied 26 November 2021

Not the answer for my question

CA Aakarsh Jain (CA) (10216 Points)
Replied 26 November 2021

If 2 businesses have different PAN then it is compulsorily required to take different registration for both the businesses otherwise he may take single registration for both the businesses.

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