TaxTMI 
TaxTMI 
REGISTRATION OF VERTICALS IN SAME STATE
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....EGISTRATION OF VERTICALS IN SAME STATE<br> Query (Issue) Started By: - CA.ANCHAL RASTOGI Dated:- 20-7-2017 Last Reply Date:- 23-7-2017 Goods and Services Tax - GST<br>Got 8 Replies<br>GST<br>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 individua....
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....l 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 Reply By THYAGARAJAN KALYANASUNDARAM: The Reply: Dear sir, As per the GST Act, you may have two registration since, different nature of activity, these will be treated as establishment of distinct persons for the purposes....
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.... of CGST Act sec 25(5). Whereas for the turnover calculation the threshold limit of rs. 20 lakhs(other than special category states) as follows. Supply of Goods or services or both if your aggregate turnover in a financial year exceeds rs. 20 lakhs to get register under sec 22(1) of CGST Act. If rent and trading of business turnover not exceeds rs. 20 lakhs individually in a financial year and ....
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....registered as business verticals, but your aggregate turnover exceeds the above limit, then you have to get register yourself. Note: if the rent against residential dwellers, then it is not covered under the GST regime. Reply By Ganeshan Kalyani: The Reply: Also one should consider the pain of conplaince. Separate registration means separate compliance, separate assessment, audit etc. Reply By....
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.... Kishan Barai: The Reply: No need for separate Registration , you can add more HS Code in same Business while filling or amend GST. If you need different Registration, place of Premises should be different along with PAN & Bank account Reply By Ganeshan Kalyani: The Reply: Separate registration can be taken for different business vertical of same entity. Reply By Kishan Barai: The Reply: Ag....
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....reed 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 Reply By Ganeshan Kalyani: The Reply: Correct. Reply By Ganeshan Kalyani: The Reply: Yes , i agree. Reply By KASTURI SETHI: The Reply: In the situation explained by the querist, separate registration in same State is not compulsory. For arriving at threshol....
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....d exemption limit, turnover will be clubbed<br> Discussion Forum - Knowledge Sharing ....