Separate Business Verticals
Query (Issue) Started By: – Archna Gupta Dated:- 9-1-2018 Last Reply Date:- 15-1-2018 Goods and Services Tax – GST
Got 5 Replies
GST
Dear Experts
Please 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 m
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tax under section 9;
(c) all separately registered business verticals of such person shall 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
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