Suppose, an individual person runs a proprietory business whcih deals with Garments. For this business he has obtained GST registration.
Now, such person does some other activities also like providing business consultancy, agent of an insurance company and further he is thinking about another business segment related to leather which is totally in separate vertical than the before mentioned businesses. His principal place of business in all respect is given as his residence address which is at West Bengal.
Now, the question is whether he has to obtain multiple registration? If not required, then I think he needs to issue separate numbered invoices for respective segment and declare all these invoices in aggregate in the GST return and similarly claim the ITC by declaring aggragate purchases made for different segments, Confirm the same.
CAclubindia
