GST Registration

Registration 350 views 6 replies

Ajay sharma

Student

45 Points Joined April 2016

I have Co-business:-

1. one of them is textile business having turnover of Rs. 12 lakh, and

2. second business is of job work having turnover of Rs. 14 lakh

my question is that aggregate turnover is of Rs. is 26 lakh (12 lakh + 14 lakh) of both businesses. (i.e. more than 20 lakh)

whether it is mandatory for me to get registration under GST Regime or not.

And both businesses is with in Delhi.

Replies (6)

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Yes... Registration mandatory Turn Over above 20lakhs. Your case is want Registration

Faraz

Student

236 Points Joined May 2012

Originally posted by : Ajay sharma
	I have Co-business:-1. one of them is textile business having turnover of Rs. 12 lakh, and2. second business is of job work having turnover of Rs. 14 lakhmy question is that aggregate turnover is of Rs. is 26 lakh (12 lakh + 14 lakh) of both businesses. (i.e. more than 20 lakh)whether it is mandatory for me to get registration under GST Regime or not.And both businesses is with in Delhi.

If you want to have both business under same PAN cards, both turnover will be aggregated and registration will become mandatory for you. Moreover, you will not be able to opt for composition scheme since job work is a service which is ineligible for composition scheme.

My suggestion: Use your own PAN card for Job Work. Use your wife/mother/father's PAN for textile business. Use separate bills. File separate income tax returns for proof. In this way, both businesses will be below 20 lakh and no registration will be required under GST. Even if textile business crosses 20 lakh limit, you can opt for composition scheme for it.

Dhanakirthi K.C

45 Points Joined July 2017

If you are using different PAN number for your different business, Registration not compulsory. ..If you're running proprietary ship using same PAN then GST registration is required. .

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

@ FARAZ...

Is your opinion is good or bad to his business...? If he dealing B2B....

@ Dhanakirthi....

(If you are using different PAN number for your different business, Registration not compulsory) What is this meaning...? How we get different PAN...? Is your opinion is good or bad to his business...? If he dealing B2B....

Dhanakirthi K.C

45 Points Joined July 2017

@ Raja : ie one for his personal and another for his business (it may firm, pvt ltd)

if he has proprietorship, then he need to take registration. .

Faraz

Student

236 Points Joined May 2012

Originally posted by : RAJA P M
	@ FARAZ... Is your opinion is good or bad to his business...? If he dealing B2B.... @ Dhanakirthi.... (If you are using different PAN number for your different business, Registration not compulsory) What is this meaning...? How we get different PAN...? Is your opinion is good or bad to his business...? If he dealing B2B....