Home |Goods and Service Tax (GST) |
Is GST registration required. If somebody wants to sell his product from home and there is no company ?
Is GST registration required. If somebody wants to sell his product from home and there is no company ?
Share
Subin VR, Chartered Accountant,FCA, DISA (ICAI) 
Answered on March 09,2021
If your turnover about to exceed 40 lakhs in a Financial year, GST registration is compulsory; Only turnover in a year is matter, not the place of business.
438 views
Related Questions
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 06,2021If son wants to do business on the premises of residence where father also live together and they have made consent letter for that on stamp, then what is the option to choose for uploading that document regarding address proof on GST portal during GST registration?
You can upload the consent letter (NOC) from the father and building tax challan.
1
0
1891
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 07,2021What are the documents required for GST registration ? Do we need to pay any fees? Is yes, how much? Within how much days we can get the GST certificate? Do we required to get help from any CA for GST Registration ?
You need copies of PAN, adhar, rent agreement, building tax challlan, bank account details for Registering with GSTN. Since ...
3
0
2101
-
MISHRA CONSULTANTS
GST Practitioners ,Income Tax Practitioners & Auditor Based Service in Coimbatore, Tamil Nadu . Answered on November 16,2022What are the documents required for GST registration ? Do we need to pay any fees? Is yes, how much? Within how much days we can get the GST certificate? Do we required to get help from any CA for GST Registration ?
You need copies of the person on whose name you are going to start the business PAN, adhar, rent ...
3
0
1402
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 06,2021Is GST filing mandatory for small business either in starting of business they have very low amount of sales. And what is the meaning of turnover is it monthly or yearly?
Filing of GST is mandatory. If you fail to file it will create huge liability in the form of ...
2
0
1007
-
MISHRA CONSULTANTS
GST Practitioners ,Income Tax Practitioners & Auditor Based Service in Coimbatore, Tamil Nadu . Answered on November 16,2022Is GST filing mandatory for small business either in starting of business they have very low amount of sales. And what is the meaning of turnover is it monthly or yearly?
Yes filing of GST is mandatory. As if in starting stage business is low you can file nil return ...
2
0
472
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 06,2021If I start a business in my own premise but the premises is on my father's name so what is majorly required to upload for the proof of premises for GST registration ?
Consent letter from your father and Building Tax/Utility Bills (Electricity/ Telephone etc)
1
0
1536
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 07,2021I have received SCN (Show cause notice) for GST registration stating "Upload the profession tax enrollment certificate", but I am not eligible to apply Tax enrollment certificate as I have not started my business yet. So what should I reply to the SCN?
You can reply with the same lines, that you don't come under the purview of professional tax for the ...
1
0
1473
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 08,2021I applied for cancellation of my GST registration number one year ago, but I want it back. Is this possible to activate GST again or should I apply for new GST registration?
If the registration is already cancelled, you have to apply afresh.
2
0
194
-
Shyamal Modi
Tax Advocate | Financial Advisor | Virtual CFO . Answered on November 29,2021GST registration karne ke baad notice aya Profession Tax number not mentioned.Meri new firm hai to Profession Tax number nahi hai. Kya Karna hai ?
Professional tax registration is to be taken within 30 days of commencement of business, hence it is not mandatory ...
1
0
1357
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 08,2021If I register a sole proprietorship via GST and pay GST fees for services I sell, am I exempt from paying income tax on those profits since I already paid 18% GST?
Income Tax and GST is different. GST is a tax on supply of sale and services. It is applicable ...
1
0
335
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 11,2021Is it possible to get GST registration to one of the businesses of a company, so that transactions in other businesses do not require GST filing?
Not possible. If you are doing multiple business under a Company, and you got GST Registration, all business will ...
1
0
36
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 11,2021If I register GST and I have no sales, can I cancel GST registration?
Not necessary. You can file NIL returns until you have sale. If you would like to close your business ...
1
0
223
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on April 19,2021If a company is running under loss, will it still have to pay GST?
Yes. GST is indirect tax. You have to pay whether or not your are in profit.
1
0
1810