Respected all members one firm GST registration now this firm is net profit at the end of the year 140000. so now any other income added allowed or not ?
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Quick Summary
A UK firm registered for GST has achieved a net profit of £140,000 on a turnover of £1,600,000. The firm is seeking clarification on whether additional income can be added to their existing GST registration. This discussion aims to address the eligibility and implications of incorporating other income sources.