i am registered textile dealer.now i have started building contract works.can i do contact in the existing registration...or should I take another registration for contract business.??.pls guide thanks in advance
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A textile dealer who has started building contract works is asking if they can operate both businesses under their existing GST registration. The advice given is that it's permissible to have both textile dealing and building contracting under the same GSTN, as registration is based on the place of supply. However, for easier and more accurate accounting, it's recommended to obtain separate registrations for each business line, especially as the SAC codes will differ.
As per Section 22 the person required take registration only at place from where he made supply. So there is no any such restriction of obtaining registration for every different line businesses. Thus you can carry both textile & building contractor business under the same GSTN . But it is advisable to keep accounting easier & accurate you must obtain separate registration for both the business.
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