Dear Sir,
I having a plywood business with GST No. for trading. Now from last two months I also received Rent from Immovable Property. Now my question is - I NEED TWO SEPARATE GST NO. FOR DIFFERENT VERTICAL OF BUSINESS. Please clarify ......
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SEPARATE BUSINESS OR SERVICE VERTICAL - REQUIRE SEPARATE GST NO.
Replies (4)
No. need separate registration.
No ..... not required , can carry both the business under one GSTN
Pl remember resedencial properties are exempted from GST
Problem is when there is no Sales in a particular month only Purchase is there, my Rental (Commercial Rental Income) liability automatically adjust with Purchase Input . But actually Rental Income is different vertical of business compare to Plywood, so Purchase Input cannot be adjust with Rental Income. I have to maintain separate calculation of Rental Income.
Although CBEC help desk saying different GST no require for different business vertical. Please advise - we need different GST No.
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