05 July 2017
I am going to start transport business as a sole proprietorship . Do I have to register for GST? My estimated income from that business would be around 5.6 lakh per annum. Also what will be TDS amount deducted from that income? Also can I name my sole proprietorship name different from my name as mentioned in PAN Card ?
07 July 2017
As a sole proprietor, your PAN can be used for the business. GST registration is required only if the annual turnover increases INR 20 lakhs.
CAclubindia
