As per the Act an entity is allowed to keep the same GSTR number for multiple business verticals in the same State.
So can an entity net off it's tax liability of one business vertical against the ITC claimed under another business vertical??
Yes, GST Input Tax Credit can be claimed in this case.
There is no restriction anywhere in law that this cannot be claimed. As you have not registered separately for each vertical, it would be considered as a single business and Input Tax Credit would be allowed.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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