Vertical Business

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Finance Executive
23 Points Posted on 28 May 2020
Dear Sir/Madam..

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

Kindly ... clarify...
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On 28 May 2020 at 11:33 Report
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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.

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GST Practitioner
55067 Points Posted on 29 May 2020
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 .
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On 29 May 2020 at 00:35
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Finance Executive
23 Points Posted on 29 May 2020
Thank you sir... 🙏
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On 29 May 2020 at 06:19
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GST Practitioner
55067 Points Posted on 31 May 2020

You are welcome 

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On 31 May 2020 at 20:55

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