Applicability of gst on sale of ongoing proprietary firm

Rachna (Accounts Assistant ) (37 Points)

23 March 2023  
abc pvt ltd buying abc propertary firm and owner of abc firm is alloted shares in pvt ltd ..which means mode of consideration is shares..whether gst is applicable on this acquisition of business ?? abc propertary firm is capable of running its own business..but for better growth..both have decided to operate as single company..after this transaction same business shall be continued by abc pvt ltd...experts pls guide with any reference of possible with respect to tds gst and capital gain