Table of Contents
- 1 Can we take 2 GST number in states?
- 2 Do we need GST registration in each state?
- 3 Can a person take multiple registration in a state for different business verticals?
- 4 How many businesses can one GST register?
- 5 Which account is to be accounted separately under GST?
- 6 What is the duration of temporary GST registration?
Can we take 2 GST number in states?
GST registration number incorporates PAN details, which deals with direct taxes. For the time being, the GST Act won’t allow any taxpayer to avail two GST numbers against a single PAN card if the trading of non-exempted goods and services is limited to a single state or union territory.
Do we need GST registration in each state?
As per the provisions of section 22 of the CGST Act, every supplier shall be required to registered in the state from where it makes taxable supplies of goods or services or both if his aggregate turnover in a financial year exceeds twenty lakh rupees.
Can a proprietor have 2 GST number?
More than one GSTIN can be obtained only if a person carries business in two or more States or Union Territories or carries the registration process as multiple business verticals in a single State or Union Territory as the case may be.
What is the GST registration limit?
A business whose aggregate turnover in a financial year exceeds Rs 20 lakhs has to mandatorily register under Goods and Services Tax. This limit is set at Rs 10 lakhs for North Eastern and hilly states flagged as special category states.
Can a person take multiple registration in a state for different business verticals?
Normally A person can obtain only Single GST Registration in a state or union territory under this act. Provided that a person carrying on multiple business verticals in a state or Union territory may be granted a separate GST registration for each such business vertical subject to such conditions – As per Sec 25(2).
How many businesses can one GST register?
Can I have two different businesses with one GST number? YES, WITH SINGLE GST . YOU CAN DO N NUMBER OF BUSINESS.
Do I need GST registration in all the States?
But, if you have presence in other states as service provider or goods supplier, you will need to obtain GST registration in all the states you operate in. In this case, you will need to go through individual GST registration in all these states.
Can I take a virtual office for GST registration?
Yes, you can take. But if want to took a temporary GST registration then you can a virtual office. The temporary GST registration is of 90 days. If you want to do business in any other state or in same state and want to took GST for required time then should do registration in casual tax payer.
Which account is to be accounted separately under GST?
An account of GST Tax payers is to be accounted separately. At present government insists separate GST registration in each state, if a person operates his business. For example, if XYZ company has business transaction of goods or services in Maharashtra, West Bengal and Tamil Nadu, he has to take registration of GST in all the three states.
What is the duration of temporary GST registration?
The temporary GST registration is of 90 days. If you want to do business in any other state or in same state and want to took GST for required time then should do registration in casual tax payer. I can provide you GST registration without virtual office whole over in India.