Is 2 GST registration possible on one PAN card?

GST Registration is a crucial requirement for the business that helps to avoid several penalties and legal restrictions. After the successful registration the applicant gets a GSTIN which shows that the business is legally registered under the GST laws. There are some basic details and documents must be uploaded during the GST Registration including PAN. The PAN card is an essential document that helps to track business transactions and avoid fraudulent activities. Therefore, if any business owner going for the GSTIN they must have a PAN number to apply for this first by visiting the income tax department official portal.

Before proceeding with the GST Registration, mainly applicants have the same questions: is this possible to get two GSTIN on one PAN card? Don’t worry, you will get the complete understanding over this question here. 

What is the use of PAN in GST? 

PAN is a unique identification number which stands for “Permanent Account Number” that is assigned to all taxpayers in India. There are so many types of PAN cards issued to taxpayer entities such as Private Limited, LLPs, HUF, Trust, Society and many more. 

During the GST registration submitting the PAN along with the relevant documents are mandatory. This PAN can be issued to an individual or entity. PAN in GST helps to track the business transactions that aids to avoid frauds and corruptions which mainly occurs under the businesses activities. Without having PAN, the companies are not able to proceed with the registration of GST, TDS payment and tax refund. 

Is 2 GST Registration Possible on one PAN? 

As per the GST Act, two GSTIN can not be obtained against a single PAN Card. But this scenario is implemented if the applicant wants to get two GSTIN in the same state. In two situation, it is possible to get two GTIN in one PAN here are these - 

1. Inter-state Trading:  

If a business dealing in inter-state trading, suppose a business manufacturer toys in Delhi and they are selling their products in Maharashtra, they must have two GSTIN one for Delhi and second for Maharashtra. For this the applicant can obtain two GSTIN in the same PAN card.

2. Business in many states:  

There are many businesses who functioned more than a single state. Each state required their specific GSTIN to run a business which helps the state government to track business transactions and restrict the frauds. So, in this case the applicant use one PAN for obtaining GSTIN in different states. 

3. Dealing in different business:

An Individual or business owner is free to engage with multiple businesses including goods and services. GSTIN plays an important role in running a business and avoiding penalties. In this case as well, the applicant can apply for GST Registration on the same PAN. But it is important that the business nature must be different. 

Conclusion 

GST registration is not just a legal requirement, it is also a crucial step in streamlining your business finances and taxes. It is advisable to complete the GST registration process at the earliest opportunity if your business meets any of the mandatory registration criteria. But before going forward with the GST process the applicant must have a PAN that helps to track business activities. 

The experts at Bizfoc can help you navigate GST registration effortlessly if you need assistance.

Frequently Asked Questions 

1. Can I obtain two GSTIN on the same PAN? 

If the business engages in inter-state trading, has different locations of business and engages in different business, the applicant can obtain two GSTIN on the same PAN card.

2. Why is PAN required in GST? 

To track business transactions and restrict the business frauds PAN is required in GST. 

3. What is meant by GSTIN? 

GSTIN stands for “Goods and Service Tax Identification Number”. It is I5 digit unique number assigned to the taxpayer under the GST regime. 

4. Is PAN and GST Linked? 

Yes, PAN is linked with the GST number. 

5. How to get a PAN number? 

Visit the Income tax department official portal and fill the registration form for PAN and upload all the relevant information and apply for the PAN. By following these steps you can get a PAN number. 

6. Can we Change PAN in GST? 

Yes, the applicant can change PAN in GST by filing the application of amendment. 

7. Is the PAN number expired? 

No, the PAN number is not expired and it has not any timeline.