I'm planning to start a small online store. However I need some clarifications...
1. Do I need a separate PAN card in the name of my store for accepting Payments (I already have PAN card).
2. Do I need to apply for GST even if the turnover is less than Rs. 10000/month. I'll be working as a reseller mainly where GST would already been paid by 1st seller.
3. Most of the payment gateways ask for business PAN card (name in PAN card should be same as of business), are their any consequences if I register for a payment gateway with my name (individual name instead of business name).
Thanks for all your replies....
Expert :
Anonymous
Expert :
Anonymous
(Expert)
05 December 2017
1. If you start proprietor business (You are only the owner) then no need separate PAN card. You ll use your pan card and your...
2. Yes... You can apply Valundary registration basis. It's available under GST...
3. You use PAN card (as per 1st reply) for registration and also you can choose any name for your business name....
Note :
In case you ll start other than "Proprietorship" business then apply New pan as per the Firm/Company name...