Regarding Vertical GST registration

This query is : Resolved

Share Report Follow Query Ask a Query

SHYAM KRISHNAN K

SHYAM KRISHNAN K (Querist)
Follow

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)
Follow

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)
Follow

23 July 2021 Separately as both business are separately shown on GST Portal.

Message likes : 1 times

SHYAM KRISHNAN K

SHYAM KRISHNAN K (Querist)
Follow

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)
Follow

23 July 2021 It will not be considered as sale/branch transfer.

SHYAM KRISHNAN K

SHYAM KRISHNAN K (Querist)
Follow

23 July 2021 How can I move my goods between these units .

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

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)
Follow

23 July 2021 Could you please specify the section dealing this matter

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

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

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Pranab Banerjee

Fredrick Samraj

BALU RAJADURAI

NICKOONJ VANANI

Purav Dholakia

Subscribe Now

Regarding Vertical GST registration

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Accountant

GST CONSULTANCY

Manager- Finance and Compliance

Senior Executive

GST CONSULTANT