u/FirmTap1932

Hi,

I started a full-time job last year around July and I started a side business of selling digital art and patreon for art around March last year.

over the last year, my side business has earned me around 21 lakhs (not profit, but total income), which I didn't expect at all. And I didnt know if your side business earns more than 20 lakhs, you must register it as a business. I am not planning to register this as a business or even register GST, since this was a one-time thing that I started off out of a whim.

I have 2-3 questions:

1. I want to continue my full time job and slowly drop my side business activities over the next year. But, for this year ITR, which form should I use, how should I show my unregistered 21L side-business income?
2. I do not want to register GSTIN for this financial year, since I am going to put down this side income this year anyways. What should I do about this?
3. Will I get in trouble with my Full time company even if I dont register my side business?
4. If someone can guide me end to end with my income troubles (even if you charge for consultation), please do let me know!