Core Business activity in GST Portal: How to Select

 Goods and Service Tax has introduced a new facility to identify core business activity. The tax payer has to select any one of the following:-

A. Manufacturer

B. Trader

C. Service Provider and Others

How to Select:

a. Login to the GST Portal

b. A box will appear to select the activity, please carefully assess your business activity.

c. In case your business activity falls under more than one, select the core activity which has highest turnover.

d. You may change the core activity later on.

The assessee may change the Core Activity if wrongly chosen by them or if there is any change in business  in My Profile on the GST Portal . They have to provide reason for the change.

Definition:


Disclaimer: The facts and opinions written in this column are those of the author and have been prepared on the basis of relevant provisions and information available at the time of preparation. The article does not constitute any professional advice or a formal recommendation. The author has undertaken the utmost care to disseminate true and correct views and does not accept liability of any errors or omissions.

Having rich experience in various profiles related to Taxation, Audit, Accounting, etc., within India and Abroad.

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