Quick Summary
Recently GSTN has introduced a facility to identify core business activity from one of the below options –
A. Manufacturer
B. Trader
- Whole seller/Distributor
- Retailer
C. Service Provider and Others
One may choose any ONE of the aforesaid activity based on criterion given in the attached note
Procedure to select Core Business Activity
a. Login to the GSTN Portal.
b. On prompting to select the activity, please carefully assess your business activity based on aforesaid explanation
c. In case if business activity falls under more than one activity, select core activity which has highest turnover
d. Core Business activity can be changed later on.
FAQ :
GSTN has introduced a facility for registered taxpayers to identify and select their core business activity from predefined options on the GSTN portal.
The options are: A. Manufacturer, B. Trader (Whole seller/Distributor/Retailer), and C. Service Provider and Others.
If your business activity falls under more than one category, you should select the core activity that generates the highest turnover.
Yes, your core business activity can be changed at a later time.
You need to log in to the GSTN Portal to select your core business activity.
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