Become a Govt. Certified GST Practitioner in just 60 hrs. Register Now!

Vertical business activity

munir bhat (33 Points)

26 February 2025

what is vertical business activity any
any registration required for same?

Reply
Follow
Share

1 Replies

Rama chary Rachakonda (Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294) (7556 Points)
Replied 26 February 2025

A vertical business activity refers to a business model where a single entity controls multiple stages of the production or supply chain process. This can include activities such as: 1. *Manufacturing*: Producing goods or products. 2. *Wholesaling*: Selling goods or products to retailers or other wholesalers. 3. *Retailing*: Selling goods or products directly to end-consumers. In a vertical business activity, the same entity may be involved in multiple stages of the supply chain, such as: - A textile manufacturer who also owns a garment manufacturing unit and sells the finished garments through their own retail outlets. Registration Requirements The registration requirements for vertical business activities depend on the specific laws and regulations applicable to each stage of the business. Here are some possible registration requirements: 1. *GST Registration*: If the annual turnover of the business exceeds the threshold limit (currently ₹40 lakhs for suppliers of goods), GST registration is required. 2. *Company Registration*: If the business is operated through a company, registration with the Registrar of Companies (ROC) is required. 3. *Trade License*: A trade license may be required from the local municipal authority to operate a business. 4. *Other Licenses*: Depending on the specific business activity, other licenses or permits may be required, such as a manufacturing license or a sales tax registration. It's essential to consult with a tax professional or chartered accountant to determine the specific registration requirements for your vertical business activity.

Upgrade to CAclubindia Pro. Subscribe Now!

Join CCI Pro

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

CCI Pro

Trending Online Classes

Sector-Wise Analysis Under GST

Edukating

Enroll Now

05 May 2025
Live Course on DTAA - International Taxation (Batch 2)

CA Sachin Sinha

Enroll Now

25 May 2025
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)

Industry Expert

Enroll Now

17 May 2025

view all classess

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads

Recent Posts

Unreplied Threads

Settings