Vertical Business

Dear Sir/Madam..

why the concept of Vertical busines U/s 2(18) is important under GST??

Kindly ... clarify...
🙏
Replies (3)
Quick Summary
This discussion clarifies the importance of the 'Vertical Business' concept under GST, as defined in Section 2(18). It highlights that this section was omitted by the 2018 amendment act, effective from February 1, 2019. A new Rule 11, substituted via Notification 3/2019 CT, now allows for separate registrations for multiple business verticals within the same state.

The "Business Vertical" u/s 2(18) has been omitted by amendment act 2018 (w.e.f 1/2/19)

New Rule 11 Substituted vide Notification 3/2019 CT , separate Registration can granted for multiple business within state .
Thank you sir... 🙏

You are welcome 

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