CORE BUSINESS SELECTION-NEW FEATURE IN GST PORTAL
AFTER LOGIN IN TO THE PORTAL IT ASK FOR CORE BUSINESS SELECTION. YOU HAVE TO SELECT FROM THREE OPTION. THE MEANING OF THREE OPTION IS AS UNDER.
Meaning of Manufacturer,Trader and Service Provider
MANUFACTURER A manufacturer is a registered person produces new products from raw materials and components using tools, equipment’s and machines and then sells them to the consumers, wholesalers, distributors, retailers or to the other manufacturers. A manufacturer may sell some more brought out items or may provide some ancillary services with his manufactured goods, but he would continue to be classified as manufacturer because it is the Primary Business Activity.
TRADER A trader is a registered person who engages in the buying and selling of goods. Traders have been further classified as -
• Wholesaler or Distributor
• Retailer
Retailer includes a registered person selling goods through e-commerce operators.
SERVICE PROVIDER AND OTHERS A service provider is a registered person who provides service to a recipient of service and is neither a manufacturer nor a trader. e.g. Banking service, IT service, works-contract service, agents, intermediaries, GTAs etc.
AFTER SELECTION IF YOU WANT TO CHANGE IT YOU CAN. GO TO MY PROFILE-->NATURE OF CORE BUSINESS ACTIVITIES--> CAN CHANGE.
