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one assessee with 2 firms

Pawan Surana (12 Points)

11 July 2017

one person is proprietor of 2 seperate business. now both firms will have seperate gst no or same ??

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7 Replies

Mahendra Dugar (205 Points)
Replied 11 July 2017

two different registrations under same PAN. one main firm and another as business vertical.

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Pawan Surana (12 Points)
Replied 11 July 2017

dugar ji but we have received same gst no for both firms

Pawan Surana (12 Points)
Replied 11 July 2017

dugar ji in the second firm the gst no and name of the first firm is mentioned but the tin no of the second firm. there are two firms with two names of thw same tax payer so how to get ot corrected or is ot correct . one more thing the second firm will have the small composite status as the turnover is not more than twenty lacs so pl guide

NITIN KOTAK (SERVICE) (1465 Points)
Replied 11 July 2017

for registration perpose turn over calculated for both business. if your branch with in state you should use single registration. and if your both business are different. than you should obtain deferent gst number. but keep in mind if you send the meterial to your other business having different gst, you have to pay the tax.

Mahendra Dugar (205 Points)
Replied 11 July 2017

One PAN No. can have only one registration but second firm can be registered as a business vertical under the same PAN No. In this case you will get a separate registration No. which will be all same except the last 3 digits.

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Pawan Surana (12 Points)
Replied 12 July 2017

how to get thw gst no changed as the same gst no and same name have come for the second firm. whereas both business have seperate names and are seperate business and at seperate locations. and we want the second firm to be under composite scheme as its turnover is just near twenty lac only per annum. but the first firm is a regular firm.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 12 July 2017

One pan get One registration number only. But, You have branches or any other locations it have just branch wise details.
Not, Two Separate registration.
(Service Tax/Central Excise Dept ll be give branches like 001,002,003. GST for following the step but, small changes)