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Vertical business activity

munir bhat (33 Points)

26 February 2025

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

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Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (7094 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.

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