Businesses in India can pay taxes more easily thanks to the Goods and Services Tax (GST). Knowing and utilizing GST is not merely a requirement; it is a wise business decision that will improve productivity and reduce costs. For businesses, it’s significant because it makes taxes easier, less complicated, and keeps them organized. GST is applicable to a wide range of business kinds, including manufacturing, providing services, selling items, and operating an online business. In order to make taxes equitable for all, even small enterprises must apply GST if they make a specific amount. Therefore, one must know as to how to add multiple businesses under the same GST number.

What is a GST?

• It is called as the Goods and Services Tax. It is an indirect tax that has taken the place of other indirect taxes in India, including services tax, VAT, and excise duty. 
• On March 29, 2017, Parliament passed the Goods and Service Tax Act, which became operative on July 1. 
• In other words, the products and Service Tax (GST) applies to the supply of products and services.
• GST is a single domestic indirect tax law that applies to the entire nation after absorbing the majority of indirect taxes.

Is it Required for Separate GST Registration for All Your Multiple Businesses?

• You can use the same PAN and GST number to run all of your enterprises, branches, and verticals. The GST Act allows most of the businesses to operate several businesses, and business branches using the same GSTIN.  
• In GST, this idea is known as Vertical Business. According to this idea, you can use the same GST number to register all of your companies and business branches.
• You can choose to handle your several enterprises under a single GST number, or you can get separate registrations for each of your businesses if you’d like. Therefore, if you have many businesses, you can add them under one corresponding GST Number. 
• Without any question, the ability to incorporate more than one business under a single GST registration greatly facilitates business diversification and growth. It encourages MSMEs and start-ups in India to expand.
• As an entrepreneur, you can grow your company throughout a large area of a state without having to deal with the headache of registering for GST for every branch or company. Alternatively, you might assign a corresponding GSTIN to each of the other companies.

Conditions for Adding Multiple Businesses under the Same GST Number

If you fulfil the following requirements established by the CBEC, you are able to add an unlimited number of businesses to your current GSTIN:

• The same state must have a number of companies, business verticals, or company branches.
• The company shouldn’t be listed as a GST Composition Scheme. This capability is not available to entities registered under the Composition Scheme.
• All registered branches, verticals, and businesses must be taxed by each business entity for the taxable supply of goods and services. Every sale must include a tax invoice.

Documents Required for Adding Multiple Businesses under the Same GST Number

A number of documents are required for GST registration, as stated below.

• Signatory’s Aadhar card,
• Proof of the Director’s Address
• The PAN card of the director
• The company’s PAN card
• The signatory’s PAN card
• Memorandum of Association/Article of Association
• Incorporation Certificate from the Ministry of Corporation Affairs

Process to Add Multiple Businesses under the Same GST Number 

It’s easy to add all of your branches or businesses to a related GST. You must:

• Step 1: Log in to the GST Portal.
• Step 2: From the Registration Tab, you must select “Amendment of Registration Non-Core Fields”.
• Step 3: Select “Additional Places of Business” from the Non-Core Fields list in step three.
• Step 4: Click “Continue” in step four. The next screen will ask you to choose which products and services you want to add.
• Step 5: Enter the HSN code if you sell goods, and the SAC code if you offer services. Next, you can click the Save & Continue. 
• Step 6: The next set of information you need to provide is regarding the bank accounts that your business has. 
• Step 7: This involves entering state-specific data, such as the State Excise License Number, Professional Tax Employee Code (EC), and Tax Registration Certificate (RC), along with the name of the person whose name the excise license is held.
• Step 8: The last stages are authentication and verification. Click the “Submit with DSC” button after checking the verification box. After your DSC has been validated, your business will be added to your GST registration account.

Lastly, you must click the Verification checkbox and click the Submit button with the DSC to validate the data you have input.

Advantages of Adding Multiple Businesses under the Same GST Number

Managing many businesses can require more effort. However, it can be much easier to deal with taxes if you have a single GST registration for all of your businesses. The advantages are:

• Reduced paperwork: Managing just one GST number will award you with more time to concentrate on expanding your company. 
• Pay your taxes on time: Having everything in one location makes it simpler to stay on top of your tax responsibilities. Additionally, you can identify possible problems or possibilities faster.
• Save money and time: Keeping track of several GST registrations can be expensive and time-consuming. Saving money can be achieved by combining all of your companies under a single registration.
• Improved business overview: You can see more clearly how each of your businesses is doing when you have a single GST number. You may be able to make better selections as a result.
• Expand Smoothly: Adding any new businesses or expanding the existing ones is made simpler with a consolidated GST registration.

Conclusion

You can add more than one business under the same GST number by following the previously outlined conditions and processes. However, it’s crucial that you work with professionals to register and manage your GST registration. GST professionals will take care of all your GST-related concerns in a fast, appropriate, lawful, and hassle-free manner. As a result, you may confidently delegate all tax-related concerns to them and concentrate on your company’s main operations.