Difference between Single Business vertical and Non-resident taxable person under GST terms
What is Non-resident taxable person? How does Single Business vertical work under GST regime? What are the difference between Non-resident taxable person and Single Business vertical?
Under GST system, the following information explains about Non-resident taxable person and Single Business vertical.
As per GST terms, non-resident taxable person’ as any person who occasionally undertakes transactions involving the supply of goods or services, or both, whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India. Single Business vertical market is a market in which seller offer goods and services specific to an industry, trade, profession, or other group of customers with specialized needs. It is distinguished from a horizontal market.
The details about Non-resident taxable person and Single Business vertical with simple language from GST terms have been mentioned in this web blog separately. We suggest you to read these articles on Non-resident taxable person and Single Business vertical, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Non-resident taxable person and Single Business vertical separately below. You may kindly read the below links to know more about Single Business vertical and Non-resident taxable person.
Grant of registration to non-resident taxable person under GST
What is Single Business vertical under GST
The above information easily explains about Single Business vertical and Non-resident taxable person.
We hope, you have satisfied with the difference between Non-resident taxable person and Single Business vertical explained above. Do you have different thought on difference between Single Business vertical and Non-resident taxable person?
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Power to collect statistics, Section 151 of CGST Act, 2017
Goods and services tax compliance rating, Sec 149 of CGST Act, 2017
Section 146 of CGST Act, 2017 Common Portal
Section 145 of CGST Act, 2017 Admissibility of micro films, facsimile copies of documents
Job work procedure, Section 143 of CGST Act, 2017
Section 139 of CGST Act, 2017 Migration of existing taxpayers
Section 135 Presumption of culpable mental state, CGST Act, 2017
Liability of officers and certain other persons, Section 133 of CGST Act, 2017
Sec 132 of CGST Act, 2017 Punishment for certain offences
Section 129 of CGST Act, 2017 Detention, seizure and release of goods and conveyances in transit
Section 124 Fine for failure to furnish statistics, CGST Act, 2017
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