vertical business
Krishna (Assistant) (672 Points)
14 May 2018
what is mean by vertical business under gst ??
4 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14831 Points)
Replied 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 .
Krishna
(Assistant)
(672 Points)
Replied 14 May 2018
means in simple language both businesses should not relate to each other or it should not deal in same goods ??
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