gst on tranfer of business
pritesh (CA Final student) (7101 Points)
08 August 2019
Tranfer of business with assets is Taxable??
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(194747 Points)
Replied 08 August 2019
Yes, its a supply; unless it is takeover...
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 09 August 2019
As per Notification .12/2017 CT (R) Entry no. 2 No it's not Taxable , ....
as per schedule II , exception to 4(c) when business is transferred as a going concern from one person to another person , its not a supply
as per schedule II , exception to 4(c) when business is transferred as a going concern from one person to another person , its not a supply
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