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one gst no for two different business allowed or not
I have a one gst no but I conduct 2 business on one Gst no one is hotel line and second is construction .this will be allowed or not ?
Replies (3)
Yes you can ....... but must not have registered as composit dealer
ok sir thank you
Please note that ITC is not allowed if you pay taxes at 5% for restaurant business. Whereas your other business of construction you might be availing credit.
There is always risk in such scenario's with respect ITC.
Better go with separate business veritical registration under GST and maintain two books of accounts.
There is always risk in such scenario's with respect ITC.
Better go with separate business veritical registration under GST and maintain two books of accounts.
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