If I am having wine shop as well as food business how shall be my taxability assessed?
Reply
As GST is not applicable on liquor, the taxpayer who engaged in trading of liquor is required to get registered in VAT law and comply with the provisions of VAT.
Further in case food business, GST registration will become mandatory if turnover exceeds the threshold limit i.e. Rs. 20 lakh. Non GST supply will also be added in calculating aggregate turnover for registration purpose.
Therefore, taxpayer have to comply with two different tax laws i.e. VAT and GST for two separate businesses.
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