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Trade Change from individual to huf status  

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Sundaraiah
(@sundaraiah)
Trusted Member
Joined: 1 year ago
Posts: 64
24/07/2020 2:17 pm  

Assess two business maintained individual status.two business Annual turnover rs 32 lacs +rs.25 lacs total rs.57 lacs.turnover 40 lacs above threshold limit gst registered applicable

Assess second business change from individual status to huf status maintained allowed under I.t. act.


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Riya
 Riya
(@riya)
Member Moderator
Joined: 1 year ago
Posts: 42
25/07/2020 11:32 am  

Sir, GST Registration is based on PAN. If threshold limit of turnover crossed then it's mandatory to apply for GST Number. 

HUF PAN is different from Individual PAN. If under HUF PAN turnover threshold limit is not crossed, then GST Number is not mandatory. 


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