Goods and Services Tax

Separate Business Verticals

Goods and Services Tax – Started By: – Archna Gupta – Dated:- 9-1-2018 Last Replied Date:- 15-1-2018 – Dear ExpertsPlease clarify:1. If a registered person is supplying Business services and Renting services in Delhi, will it be covered under separate business verticals.2. Is separate GST registration compulsory for separate business verticals? – Reply By Rajagopalan Ranganathan – The Reply = Madam, According to Sub-section (2) of Section 25 of CGST Act, 2017 A person seeking registration under this Act shall be granted a single registration in a State or Union territory. Provided that a person having multiple business verticals in a State or Union territory may be granted a separate registration for each business vertical, subject to such

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

pay tax under the Act on supply of goods or services or both made to another registered business vertical of such person and issue a tax invoice for such supply. Explanation.- For the purposes of clause (b), it is hereby clarified that where any business vertical of a registered person that has been granted a separate registration becomes ineligible to pay tax under section 10, all other business verticals of the said person shall become ineligible to pay tax under the said section. Subject to the above provisions you can have separate registration for multiple business verticals owned by you. – Reply By Archna Gupta – The Reply = Can you please give some examples of multiple business verticals. Do my services fall under this definition and

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Leave a Reply