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Definition of Business Vertical

Goods and Services Tax - GST - By: - Pradeep Jain - Dated:- 30-1-2017 Last Replied Date:- 30-1-2017 - DAILY DOSE OF GST UPDATE BY CA PRADEEP JAIN Taking further to our discussion, we are continuing our discussion the definitions given under Section 2 .....

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gaged in supplying an individual product or service or a group of related products or services and that is subject to risks and returns that are different from those of other business verticals; Explanation: Factors that should be considered in deter .....

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roducts or provide the services; and (e) if applicable, the nature of the regulatory environment, for example, banking, insurance, or public utilities. In the old draft, the definition was referred to be as provided in the AS 17 issued by the Institu .....

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ted definition to understand. A preliminary interpretation led to a belief that as like the current system of registration in excise and service tax where separate registration is taken for separate premise, the new regime will also provide a similar .....

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used here is business vertical and not business premise. Thus the definition becomes critical altogether when it comes to registration. A business segment is a part of the company that can be identified by the products it provides or by the services .....

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segments to help determine which areas of the company are performing well and which areas need improvement. Now if by the term business vertical, it means a segment of business then it would mean that different registration can be taken for differen .....

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ovision in this regard and it is not clear that whether all the business verticals located in the same premises can be registered separately or not. However, if one looks into the practical aspect, it is found that for registration, details of consti .....

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