Hi,
one my client running Trading Business firm, now he want to start other busines firm. how to handle the GSt. for first firm he have gst. for is second firm need to apply, how can get the gst under sole proprietor. or can possible apply for separate pan no.
please kindly given a solution.
5 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 11 July 2022
If two business are distinct from each other then you can apply but I personally suggest to take registration on new firm.
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 12 July 2022
You can include the new business in the existing GST registration.
You can take a new registration on the same PAN also. Here both GST registration will be deemed different person
You can also take a registration on a different PAN also
You have all three option. But be cautious that of you want to continue new business on the same PAN until you take a new registration for it you will still be liable to pay GST on its supplies under old GST registration
Recent Topics
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
Related Threads
CAclubindia
