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I am planning to obtain a GST license for a new business. I already have another small business running. Would I mandatorily have to pay GST for the existing business if I get the GST for the new business?
I am planning to obtain a GST license for a new business. I already have another small business running. Would I mandatorily have to pay GST for the existing business if I get the GST for the new business?
Subin VR, Chartered Accountant,FCA, DISA (ICAI)
Answered on March 11,2021
Answered on March 11,2021
If you are doing business as individual capacity and doing multiple business, all your business get attracted to GST if you are registered with GST, even for one business.
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