REGISTRATION OF VERTICALS IN SAME STATE

[CA.ANCHAL RASTOGI]

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

if turn over of trading and rent both separately less than ₹ 20 L . registration needed for both verticals

AI Summary

Individual seeks separate GST registrations for rent and business under Section 25(2); combined turnover affects exemption threshold. An individual with income from both rent and trading business inquires about obtaining separate GST registrations for each under section 25(2) of the CGST Act, given that each vertical's turnover is below 20 lakh. Responses indicate that separate registrations are possible if the activities are considered distinct, but the aggregate turnover exceeding 20 lakh requires registration. Compliance complexities and the necessity of distinct premises, PAN, and bank accounts for separate registrations are highlighted. Additionally, rental income from residential properties is exempt from GST. Ultimately, separate registration is not mandatory, and turnover for threshold exemption is combined.