Ch. Sai Sudha Mohan (Income Tax Practitioner) (241 Points)
30 November 2021A persons is proprietor for two business A & B. Turnover of Business A is Rs. 45,00,000/- and hence he has taken GST Registration for the same. But turnover of Business B is only 10,00,000/- which is below the threshold limit for GST.
Should he, include the Turnover of B also in his GST Returns and pay tax or is it sufficient, if he pays GST on Business A Turnover.
and for Income Tax Purpose, he declares income @ 6% on turnovers of both business A and B.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 30 November 2021
He has to declare both the businesses under GST, as PAN is same..... So GSTIN also becomes same.
nirmal
(Artical)
(33 Points)
Replied 30 November 2021
CAclubindia
