Transfer of expenses in between two businees verticals

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This query is : Resolved

Uday Kiran (Querist)

06 October 2017 Suppose, Apollo hospital has two GST registrations in one state like one is for pharmacy and another one is for hospital. Can they transfer expenses of pharmacy division to hospital division. Whether Hospital division can claim input tax credit on expenses of Pharmacy division since the bill the raised on hospital division ? Can they do so?

RAJA P M

RAJA P M (Expert)

06 October 2017 In my view.,
What is the difference between "Vertical Registration - (Two GSTIN)" and "Single Registration - (Additional Place of Business)" in Smae State...?

Vertical :
You can run it separate Trade name and Separate Books of accounts under IDT. But, You can't use the Taxes to another business.
Additional :
You ll use the name to all branches. Can't use separate names for Branches. But, You can use all Input Credits in one GSTIN. No more restriction...

Udaya Chandran

Udaya Chandran (Expert)

06 October 2017 Input for particular GSTIN should be used only for that particular GSTIN unless it is Input Service Distributor having same vertical of business across states.

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