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.
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GST Registration
Replies (6)
Yes... Registration mandatory Turn Over above 20lakhs. Your case is want Registration
| 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.
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. .
@ 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....
@ 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. .
if he has proprietorship, then he need to take registration. .
| 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.... |
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No impact on B2B. He will sell tax free goods without any credit to pass on. There are no issues.
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