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Can 2 shops have same GST number?
Yes, you can use same GST number for both business provided both businesses are under your name. As per sec 25(2) of CGST Act “A person seeking registration under this Act shall be granted a single registration in a state or union territory.” in simple words one PAN one registration.
Is GST number required for online selling?
Mandatory GST Registration for Online Sellers Under GST, all online sellers must register and pay GST. This means that even if you only bring in Rs 1 lakh, you must go online and get a GSTIN. In addition, you’re required to file monthly returns and pay taxes on all qualified sales.
Can two businesses share the same address under GST?
They are entitled to get separate GST registration from the same address. The Authority held that there is no prohibition in the GST Act for obtaining registration in a shared office space or virtual office, if the landlord permits such sub leasing as per the agreement.
Which GST is applicable for online selling?
The online platform charges a percentage of the sale price as commission from the seller. The percentage depend on the platform and also on the category of goods. The platform has to charge GST @ 18\% on such commission and the seller can take input tax credit of such GST.
Can we take 2 GST number same state?
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.
How do you add multiple business types under the same GST number?
#Step1: Login to the GST portal and select the option “Amendment of Registration Non – Core Fields” from the Registration tab. #Step2: Choose the option- “Additional Places of Business” from the given Non – Core Fields, as shown below. #Step3: Click Continue.
Can I sell without GST offline?
It will be the same whether it is an online business or offline business. In such platforms, you can sell online without GST only if you sell goods which are exempted. If you sell goods on which GST is applicable, then you have to get GST number to be able to sell online.
Can a person be proprietor in two firms?
Yes, You can have Multiple businesses if you are a sole proprietor. You can have multiple businesses in the same name and you have to get Shop act license or gumasta license which is enough to register Sole Proprietorship.