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Proprietor

Krishna (Manager - Genesis Tax Consultant) (531 Points)

16 May 2018

Hello Sir, I have a clarification a person is running 2 companies in different places and both the business is not interconnected to each business, he is a propreitor, his business income is less than 20 lakhs in both the business, will any question arise in GST to combine the both and to pay GST?

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4 Replies

Jeeva Thangavelu (Student CA Final ) (609 Points)
Replied 16 May 2018

Yes. If the aggregate turnover of both business taken together exceeds Rs.20 lakhs/Rs.10lakhs for special category states, then he has to compulsorily register under GST

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Krishna (Manager - Genesis Tax Consultant) (531 Points)
Replied 16 May 2018

Sir Thank you for your Answer!!!

He has registered both the business separately in GST, but nature of business is different. In one company he is doing training for the technical people in another business he is doing service to Industry also doing manufacturing.

In this case he will be generate 15 lakhs each in both the business, will Department combine both and ask him to pay GST?

Jeeva Thangavelu (Student CA Final ) (609 Points)
Replied 16 May 2018

Turnover with same PAN will be combined for arriving the aggregate turnover. So in case if Rs.15 lakhs in each business then its well above the limit and he needs to collect & pay GST for invoices raised above the 20 lakh limit.