Whether different gst required for different shop?
This query is : Resolved
11 August 2017
Sir,
A person running four different shop in same state ,with different name,whether he has to register with different GST, or one GST is enough for all shop.Please advise.
A person running four different shop in same state ,with different name,whether he has to register with different GST, or one GST is enough for all shop.Please advise.
11 August 2017
Different GSTIN should be obtained for Different business
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11 August 2017
Sir,
He has not made any sell during the month of july 2017,still he has to submit GSTR 3B
He has not made any sell during the month of july 2017,still he has to submit GSTR 3B
11 August 2017
Yes, Nil return can be filed in that case.
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11 August 2017
Sir,
Please made clear one more thing in GSTR 3B,in 3.2 supplies that made interstate to unregister & composition dealer,has also to be added and have to be shown in 3.1,outward taxable supplies.yes or no.
Please made clear one more thing in GSTR 3B,in 3.2 supplies that made interstate to unregister & composition dealer,has also to be added and have to be shown in 3.1,outward taxable supplies.yes or no.
11 August 2017
A person running business at different places in same state then he can get single registration and add the other place of business as additional place of business in the GSTN registration.
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11 August 2017
A person running business at different places in same state then he can get single registration and add the other place of business as additional place of business in the GSTN registration.
11 August 2017
Sir,
But Sir person involve in different types of business with different name ,the person works as a contractor, have furniture shop, grocery wholesale with different name,is it possible with same GSTIN number.
But Sir person involve in different types of business with different name ,the person works as a contractor, have furniture shop, grocery wholesale with different name,is it possible with same GSTIN number.
11 August 2017
Yes it is possible. It is at the option of the assessee to get one registration or multiple registration if the business is different. In GST it is called as Business Vertical. Advisable to take one registration else your burden of compliance will increase
VK
VK
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12 August 2017
Sir,
Last thing please clear ,the person core business is contractor so in GST Trade name is in his name, rest furniture shop in RR Furniture and grocery shop in ORCHID Name.So when he will bring good either furniture or grocery from interstate ,can he purchase with the GST in which Trade name in his name.whether the seller will give the product in other name GST.
Last thing please clear ,the person core business is contractor so in GST Trade name is in his name, rest furniture shop in RR Furniture and grocery shop in ORCHID Name.So when he will bring good either furniture or grocery from interstate ,can he purchase with the GST in which Trade name in his name.whether the seller will give the product in other name GST.
12 August 2017
At present the amendment option is not available online. Once that option is enabled there should be an option to provide different business name. We have to wait and watch for that procedure.
VK
VK
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12 August 2017
Dear Vinodh Ji,
There is only One trade name allowed per registration.
Different Business Verticals is for the persons who have same trade name but dealing in different verticals of business. Like One who is Manufacturing products and then Selling those Products (Wholesale & Retail), Providing Services, etc under the same trade name.
If trade name is different in that case one need to opt for separate registration.
In the present case, they have multiple business's with different trade names and different products.
GSTN allows only One trade name per registration. However you may obtain multiple registrations on a single PAN.
There is only One trade name allowed per registration.
Different Business Verticals is for the persons who have same trade name but dealing in different verticals of business. Like One who is Manufacturing products and then Selling those Products (Wholesale & Retail), Providing Services, etc under the same trade name.
If trade name is different in that case one need to opt for separate registration.
In the present case, they have multiple business's with different trade names and different products.
GSTN allows only One trade name per registration. However you may obtain multiple registrations on a single PAN.
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12 August 2017
Dear Mr. Abhishek Garg
What you are telling is correct. Earlier in VAT also this issue was there issue we used to get additional place of business registration with different trade name. As of now there is option of providing only one Trade Name in GST Registration. .
If a person is doing multiple business in a state in GST terms it is called as different Business Vertical it is practical to have a different trade name for different types of business. If because of one trade name he is restricted to obtain single registration then he will have to take separate registration for different types of business.
That means if in same PAN a person has 5 different types of business with different trade name within the state he has to take 5 GST Registration then file 15 Returns in a month and any transfer from one business unit to another business unit will be taxable and the compliance with GST will be big burden. Until and unless the company is a big company it will be difficult for small and medium size companies to follow the GST Compliance.
I expect some solution in the amendment of registration to provide multiple Trade Name we have to wait and watch. If it is not provided then we have to go for alternate solution or write a representation to the government.
In GST registration of different Business Vertical is optional and not mandatory.
VK
What you are telling is correct. Earlier in VAT also this issue was there issue we used to get additional place of business registration with different trade name. As of now there is option of providing only one Trade Name in GST Registration. .
If a person is doing multiple business in a state in GST terms it is called as different Business Vertical it is practical to have a different trade name for different types of business. If because of one trade name he is restricted to obtain single registration then he will have to take separate registration for different types of business.
That means if in same PAN a person has 5 different types of business with different trade name within the state he has to take 5 GST Registration then file 15 Returns in a month and any transfer from one business unit to another business unit will be taxable and the compliance with GST will be big burden. Until and unless the company is a big company it will be difficult for small and medium size companies to follow the GST Compliance.
I expect some solution in the amendment of registration to provide multiple Trade Name we have to wait and watch. If it is not provided then we have to go for alternate solution or write a representation to the government.
In GST registration of different Business Vertical is optional and not mandatory.
VK
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