The Goods and Service Tax Network (GSTN) has enabled the new feature to select Core Business Activity enabled on GST Portal.
Now, if you open GST Portal you will see a new pop-up window wherein you will have to identify and select your core business as either manufacturer or trader or service provider, and others. Further only after selecting any one of the options, you will be able to login into your GST account or file a GST return, and so on. Thus selecting the option is of critical importance. The options provided on the GST portal and the notes thereto are given below:
CORE BUSINESS SELECTION
| S. No. | Please Identity your Core business as | Only one selection is allowed |
| 1. | Manufacturer | – |
| 2. | Trader | – |
| 3. | Service Provider and Others | – |
NOTES:
- You can select only one core business activity.
- In case all activities are applicable to you, kindly select your core business activity.
- Others will include Work Contract and Other Miscellaneous Items.
- In order to understand the definitions of Manufacturer / Trader / Service Provider, you can click on the “Information Button”.
- Further, if you want to change it in the future you can do it by navigating MY PROFILE>CORE BUSINESS ACTIVITY STATUS.
- Taxpayers are required to select their business activity only once, as – Manufacturer, wholesaler/Distributor/Retailer, service providers & others post-login based on the highest turnover amongst them. You can change the same later.
For ready reference of our readers the snap of relevant window of GST Portal is given below:
Also Read: All about reverse charge mechanism (RCM) under GST
Source #GST Portal
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