Applicability of GST in other business income
This query is : Resolved
10 March 2022
I have two business 1- trading of school bag which gst registration taken
and other is trading of cloth which no gst reg not taken..
shall i show both business sale /profit in Income tax??
and other is trading of cloth which no gst reg not taken..
shall i show both business sale /profit in Income tax??
10 March 2022
Show both sale and profit in income tax.
Include cloth trading turnover in GST return and pay taxes.
No need for separate GST registration for clothes business.
Include cloth trading turnover in GST return and pay taxes.
No need for separate GST registration for clothes business.
10 March 2022
Sir,
As i have only un-registered sale and purchase in cloth business , so i don't want add the same business in GST and pay taxes. wanted to show separately in income tax. it is possible????
As i have only un-registered sale and purchase in cloth business , so i don't want add the same business in GST and pay taxes. wanted to show separately in income tax. it is possible????
10 March 2022
Yes, possible but you will receive notice from GST.
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