Question: Can I Have 2 GST Numbers?

Can we apply GST without PAN card?


PAN Card: Any form of GST registration will require the PAN (Permanent Account Number) of the authorized signatories/applicant (Directors, Partners, Proprietors, etc.) An Aadhar card is also an important document for GST registration of individuals or sole proprietors, in addition to the owner’s PAN card..

Can I sell on Amazon without GST?

If you are selling books and nothing else, you can manage without GST. Otherwise GST is essential. According to government rules no GST is required if the turnover is under 20 lacs but neither flipkart nor Amazon adheres to these standards. … Then it will not depend on the individual seller’s turnover.

Can I add more than 5 HSN code in GST?

For including new goods and services in the GST registration, you need to type the relevant HSN codes inside the HSN codes field provided just below the Non-Core Fields. … You have to tap on it, and the relevant goods type will be added. Note:- This way you can include up to 5 goods only on your GST registration.

Can a person become proprietor in two firms?

Ans Yes, One person can Register more than one proprietorship firm. As Registration for Sole Proprietorship firm Is not required or is not mandatory.

How many GST numbers are there in one pan?

two gstYes you can have two gst registration under one PAN.As you have to get different registration for every vertical under GST.

Can one GST no for multiple business?

Can I have two different businesses with one GST number? YES, WITH SINGLE GST . YOU CAN DO N NUMBER OF BUSINESS.

Can one person take 2 GST number in same state?

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).

Is GST compulsory for LLP?

Business Registration Before obtaining the GST Registration, the required business entity registration is required to be obtained except the case of Sole Proprietorship, The business to be registered as Partnership or One Person Company (OPC) or Limited Liability Partnership (LLP) or as Private Limited Company.

What is vertical business in GST?

As per Section 18 of the CGST Act, 2017 “business vertical” means a distinguishable component of an enterprise that is engaged in the supply of individual goods or services or a group of related goods or services which is subject to risks and returns that are different from those of the other business verticals.

Can we have two trade names with the same GST number?

Can this new business with a different trade name can be included in the same existing GST registration? A person is already having a GST number with a Trade name. … But single trade name is allowed for one registration, taxpayer cannot use two different trade names for single registration.

What is the limit of GST registration?

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.

Is GST required below 20 lakhs?

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.

What is turnover in GST?

“aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed …

Do I need a GST number for my small business?

GST is compulsory for many businesses, but not all. If you’re looking as though your business will have sales over $75,000 for the year, your business must register for GST. If your turnover is less than this amount, you can register for GST voluntarily – and there are some good reasons for doing so.

Can a proprietor have two GST with one pan?

The GST regime allows only one registration against a PAN, but firms with multiple business verticals can choose to apply for multiple registration numbers against a corresponding PAN number, revenue secretary Hasmukh Adhia clarified on Thursday.

What is the difference between trade name and legal name?

The legal name is a name that is registered at the time of incorporation of a company or business. The legal name is generally the name of the company on the PAN. On the other hand, the trade name is the name that is used in normal business practices or common parlance.

Is GST necessary for small business?

Do small business owners need a GST Id number, to run the business in India? As per the GST Act, if your financial turnover is above Rs 40 lakhs, then you need to register under GST. For northeastern states and hill states, the limit is ₨ 10 lakhs.

Can two businesses share the same address India?

In India and in most places in the world any number of companies can share the same registered office address. You would often find companies like the Tata’s or Reliance having several hundreds of companies registered at the same address. A registered office is not the only place of business of a company.