Can Proprietary concern with real estate services registered under GST do trading of goods too?
Pls advise
Replies (3)
Quick Summary
This discussion clarifies whether a proprietary concern offering real estate services under GST can also engage in trading goods. The consensus is yes, provided the GST registration is amended to include trading activities. It's crucial to maintain clear, item-wise records to ensure smooth ITC claims and avoid potential issues with the tax department.
By updating the Registration certificate with business Type Trading can do. But while availing ITC and to avoid department herrasment, perfect and crystal clear Item wise records has to be maintained.