Regarding Vertical GST registration

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This discussion clarifies that separate books of account, stock, and turnover are mandatory when registering for vertical GST. While inter-unit transfers between these verticals are not considered sales or branch transfers, you must issue a tax invoice and claim Input Tax Credit (ITC) for such movements.

SHYAM KRISHNAN K

SHYAM KRISHNAN K (Querist)
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22 July 2021 Is it mandate to maintain seperate Books of account in case of GST Verticle Registration?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 July 2021 Yes, separate books are required, separate stock and turnover to be maintained, to file separate GST return.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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23 July 2021 Separately as both business are separately shown on GST Portal.

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SHYAM KRISHNAN K

SHYAM KRISHNAN K (Querist)
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23 July 2021 In case of goods/service transferred between these vertical unit have to be consider as branch transfer/sale?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 July 2021 It will not be considered as sale/branch transfer.

SHYAM KRISHNAN K

SHYAM KRISHNAN K (Querist)
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23 July 2021 How can I move my goods between these units .

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 July 2021 I am correcting my earlier reply. Treat it as sale issue tax invoice and claim ITC.

SHYAM KRISHNAN K

SHYAM KRISHNAN K (Querist)
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23 July 2021 Could you please specify the section dealing this matter

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 July 2021 See the link.

https://www.gstzen.in/a/separate-registration-for-multiple-business-verticals-within-a-state-or-a-union-territory-cgst-rule-11.html

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