22 October 2024
In my family we are 3 member ..can we run multiple unregister propritorship firm at same business place with proper billing and stock maintaince in each firm turnover is less than 40 lakh..
my main question is any proble arrive when gst official visit our busibess place??
22 October 2024
As such no, .... provided... Ensure that all firms maintain proper records, including invoices, stock, and accounting books. Maintain clear stock records to avoid confusion or allegations of inter-firm stock transfers. This will help during any official visits. Each firm should have a clear distinction in terms of business activities, invoicing, and financial management to avoid confusion. During a GST official visit, they may look for consistency in your records. If you can demonstrate that each firm is independently operated with proper Gumasta licenses & documentations, there should not be any issues.
22 October 2024
In my family we are 3 member ..can we run multiple unregister propritorship firm at same business place with proper billing and stock maintaince in each firm turnover is less than 40 lakh..
my main question is any proble arrive when gst official visit our busibess place??
22 October 2024
You can run multiple businesses if you have proper documentation with the owner of the property along with individual Gumasta licenses (for each business separately)
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