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2 business under same pan

Sanket Galande (CA-Inter) (126 Points)

10 January 2021

2 business on the same pan(proprietorship) is going.. GST registration is taken for 1 business. So turnover of both business is liable to GST or only for which registration is taken?

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7 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 10 January 2021

What is aggregate Turnover of another business which is unregistered ? .

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Sanket Galande (CA-Inter) (126 Points)
Replied 10 January 2021

Turnover for both business is below 20 lakhs (PAN based)

prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 10 January 2021

What is Business ?. Is it Voluntary registration ? , because you have mentioned Turnover is bellow 20 lac . please elaborate in detail .

Sumit Shukla (378 Points)
Replied 10 January 2021

If you are registered then you are liable for tax for all business under same pan. Provided other business is not an exempt supply

Sanket Galande (CA-Inter) (126 Points)
Replied 10 January 2021

Yes. voluntary registration is taken & the business is provoding amc sercices of water filter

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Sumit Shukla (378 Points)
Replied 10 January 2021

It's not an exempt so you need to pay GST on same supply.. if you don't want to pay GST on this business then you can constitute a firm and carry business under that pan

sabyasachi mukherjee (27574 Points)
Replied 11 January 2021

Gst is liable to be paid in the following cases:
1.depending on the turnover.
2. depending on the transactions.
3. taxable person engaged in merchandising of goods and services .
4. if threshold limit is crossed then you hv to pay gst.
Every taxable person is liable to pay CGST SGST EXCEPT WHERE TAX IS PAYABLE UNDER REVERSE CHARGE.