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Krishna (Assistant)     14 May 2018

vertical business

what is mean by vertical business under gst ??

 4 Replies

prasad  Nilugal

prasad Nilugal (Sr . Accountant and GST Practitioner . )     14 May 2018

As per section 2 sub section 18  of the CGST act 2017  " Busniess  vertical "  means a distinguishable component of an entrprise that is engaged in the supply of individual goods or services or a group of related goods or services which is subject to risks and returns that are different form those of other busniess verticlas .

1 Like
Vinod Babu

Vinod Babu   14 May 2018

Sir can you explain with an example
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Krishna (Assistant)     14 May 2018

means in simple language both businesses should not relate to each other or it should not deal in same goods ??
1 Like
Vinod Babu

Vinod Babu   14 May 2018

Ok thank you sir

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