composition scheme
pawan (student) (27 Points)
22 November 2018
Can single pan holder (proprietor) have multiple GSTIN one under composition and another Normal Taxpayer GSTIN
2 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 22 November 2018
No.
Refer Proviso to Sec. 10(2) of CGST Act
"Provided that where more than one registered persons are having the same Permanent Account Number (issued under the Income-tax Act, 1961), the registered person shall not be eligible to opt for the scheme under sub-section (1) unless all such registered persons opt to pay tax under that sub-section."
Shivam RC
(Student)
(23683 Points)
Replied 22 November 2018
Not Possible....
As per the Proviso of SECTION 10(2) of the CGST Act 2017, a person who have registered u/s 10(1) of the CGST Act 2017 i.e. COMPOSITION SCHEME, cannot opt for Regular Scheme under same PAN for different Business Vertical or in a different State. He have to opt for Composition Scheme for all his Business Verticals/Branch under same PAN, failing which he cannot opt for Composition Scheme.
EXTRACT FROM THE ACT :
"Provided that where more than one registered persons are having the same Permanent Account Number (issued under the Income-tax Act, 1961), the registered person shall not be eligible to opt for the scheme under sub-section (1) unless all such registered persons opt to pay tax under that sub-section."
Regards.
As per the Proviso of SECTION 10(2) of the CGST Act 2017, a person who have registered u/s 10(1) of the CGST Act 2017 i.e. COMPOSITION SCHEME, cannot opt for Regular Scheme under same PAN for different Business Vertical or in a different State. He have to opt for Composition Scheme for all his Business Verticals/Branch under same PAN, failing which he cannot opt for Composition Scheme.
EXTRACT FROM THE ACT :
"Provided that where more than one registered persons are having the same Permanent Account Number (issued under the Income-tax Act, 1961), the registered person shall not be eligible to opt for the scheme under sub-section (1) unless all such registered persons opt to pay tax under that sub-section."
Regards.
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