In case of auction sale of entire business by bank
18℅ gst Applicable?
Yes, Applicable rate is 18%
Sale of whole business is exempt if all assets and liabilities are being sold. Auction sale by bank is always on behalf of business owner.
If assets are being sold individually then applicable GST rates will be charged
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
