Exemption for services for transfer of a going concern

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Pooja Roy (Querist)
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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

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Pooja Roy

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

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