Issuance of GST ADT 02 GST and matters thereof

Mr. Ahmed, Thanks for your being so helpful by giving your valued suggestion..

The fact is , amount that is assessed in ADT 02 is  not yet  appearing on GST portal in our account. Perhaps this will come once SCN under section 73 is issued. I wonder  whether i got it correct ?

Hope to hear.

regards

M.Amin 

Mr.P. Rawat,,

Thanks for your valued and prompt guidance.  GST as opposed to Good and Simple Tax is becoming more and more technical. In our case we never lacked in compliance. We had transferred one of our unit under   BTA - Business Transfer Agreement- as going concern with  all assets and liability including licenses of business premises staff etc. This went in Audit under section 65 and Deptt has demanded GST on fixed assets transferred to new enterprise taking it as supply.    There are no of advance rulings  in the matter but did not succeed. Instead of faceless, contact less ease of business, GST has again reverted us to red tape of time consuming procedures. 

There are no sign of any action.  Will have to learn to live with it.

Thanks again of you and your colleagues who gave valuable guidance in this thread. 

M. Amin

According to Schedule II entry 4C transfer of business on going concern basis does not amount to supply. 

IS IT IS INTERSTATE TRANSFER ??????

Mr. A. Goyal and Mr. P Rawat,,

Thanks for your replies.

It was intra state transfer in Karnataka. And our stand was that transfer of business on going concern We duly annexed several Advance ruling in the matter. But not accepted.

Thinking for going in appeal . 

regards

ITS EXEMPTED AS PER NOTIFICATION 12/2017 CT (R) S.NO.2

Yes, Mr. Rawat, this averment was done in our submissions , but was not accepted by the deptt. Planning to go for appeal.

Thanks for your guidance in the matter

DEFINITELY ,YOU MUST LITIGATE & GO FOR APPEAL .