REGISTRATION OF VERTICALS IN SAME STATE
Query (Issue) Started By: – CA.ANCHAL RASTOGI Dated:- 20-7-2017 Last Reply Date:- 23-7-2017 Goods and Services Tax – GST
Got 8 Replies
GST
A Individual have income from Rent along with trading business. may he apply for separate registration for rent and trading according to provision of section 25 (2) of cgst act by considering it that individual person having multiple verticals one rent and other trading
\nif turn over of trading and rent both separately less than ₹ 20 L . registration needed for both verticals
\nReply By THYAGARAJAN KALYANASUNDARAM:
\nThe Reply:
\nDear sir,
\nAs per the GST Act, you may have two registration since, different nature of activity, these will be treated as<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n onplaince. Separate registration means separate compliance, separate assessment, audit etc. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" REGISTRATION OF VERTICALS IN SAME STATE Query (Issue) Started By: – CA.ANCHAL RASTOGI Dated:- 20-7-2017 Last Reply Date:- 23-7-2017 Goods and Services Tax – GSTGot 8 RepliesGSTA Individual have income from Rent along with trading business. may he apply for separate registration for rent and trading according to provision of section 25 (2) of cgst … Continue reading “REGISTRATION OF VERTICALS IN SAME STATE”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-6299","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/6299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6299"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/6299\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nReply By Kishan Barai:
\nThe Reply:
\nNo need for separate Registration , you can add more HS Code in same Business while filling or amend GST.
\nIf you need different Registration, place of Premises should be different along with PAN & Bank account
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nSeparate registration can be taken for different business vertical of same entity.
\nReply By Kishan Barai:
\nThe Reply:
\nAgreed but turn over of both firms would be treated as combined. 2 URD firm showing 10 , 10 Lacks turn over would be treated as 20 Lacks
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nCorrect.
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nYes , i agree.
\nReply B<\/p>\n
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