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Dhana Sai   09 April 2020

Dhana Sai

 6 likes  180 points

| My Other Post

if we started a busiess with 3 owners as co ownership with equal share and, threshhold limit of 20 lakshs applicable to single owner or for business.

kerala AAR made an advance ruling regarding this kind ,but it is related to rent on joint property

avater

Ranjit Kumar Mishra (Student)     09 April 2020

Ranjit Kumar Mishra
Student 
 5 likes  37 points

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Threshold Shall be applicable on PAN basis

avater

RAJA P M ("Do the Right Thing...!!!")     09 April 2020

RAJA P M
"Do the Right Thing...!!!" 
 8291 likes  113451 points

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Threshhold limit of 20 lakshs applicable to single owner or for business...?


- Threshold limit applicable PAN basis. But, it's not individual of You.
If You (three partner) are start business and applied PAN for Your partnership business then the limit applicable to the PARTNERSHIP PAN...

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Dhana Sai   09 April 2020

Dhana Sai

 6 likes  180 points

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As per sec 22 of cgst act,2017

treshold limit applicable to supplier who is supplying goods or services.

as per sec 2(103) of cgst act,2017

supplier means the person who is supplying goods or service.

to register the business , it should have seperate pan it is correct but i am asking about applicability of sec 22 of cgst act,2017.

that is why i mentioned kerala AAR advance ruling on co ownership.

please let me know ur opinion sir.

thank u.

avater

RAJA P M ("Do the Right Thing...!!!")     09 April 2020

RAJA P M
"Do the Right Thing...!!!" 
 8291 likes  113451 points

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The AAR issued for Property owned by the persons... The rental amount to share the land owners..

Here,
You asking start a partnership business... Right..?!

or

You will supply renting services as per AAR...?!

avater

Dhana Sai   09 April 2020

Dhana Sai

 6 likes  180 points

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Sir, can't we do business as co owners

avater

RAJA P M ("Do the Right Thing...!!!")     09 April 2020

RAJA P M
"Do the Right Thing...!!!" 
 8291 likes  113451 points

View Profile | My Other Post

Dear.,
please better to ask Your query correctly... Don't be confuse with Confusing to me...


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