Exemption for services for transfer of a going concern


This query is : Resolved 

(Querist)
25 May 2017 Does item 32 in the list of exemptions, mean that the fees we charge for a merger & acquisition transaction, shall be exempt from taxes ?

The exemptions include the following discription "
32. Services by way of transfer of a going concern, as a whole or an independent part thereof;"

Request your advise

Pooja Roy
Strat Team M&A Advisors

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Guest (Expert)
26 May 2017 Transfer of going concern I.e transfer of whole business by the owner is not taxable but u provide services in relation to such transfer which is taxable under Services tax as well as under GST

Pooja Roy (Querist)
13 September 2017 That is my understanding, too
Unfortunately, no exemption
:-)
Thank you


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