WHAT IF PERSON HAS TWO BUSINESS AND ONE IS OF GOODS OTHER IS OF SERVICES AND IN SUCH CONDITION GOODS BUSINESS FALL UNDER GST WHILE SERVICE BUSINESS DOEST NOT THE TOO IS HE LIABLE TO PAY GST ON SERVICES
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Gst tax liablity
Replies (4)
In GST Registration is PAN based & if you are doing both the businesses under same PAN , the all the provision of Act applicable to business dealing in supply of Services also .
Hence you are liable pay GST on Services business also
Hence you are liable pay GST on Services business also
if both business of goods and services are done by one Regn person and turnover cross the limit then he is required to pay GST.
What if only one buisness crooses the thresh hold and another doesnot
If both the business are being carried under ONE GST regn number then you have to pay gst irrespective whether the other business crosses the limit or not when one business has crossed the limit.
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