Selling of business unit

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Student
35 Points Posted on 05 November 2020
if I am selling a business unit than whole sale value be my turnover part to be shown in gst as exempted income or profit on sale will be shown in gst as exempted income
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On 05 November 2020 at 10:47 Report
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Quick Summary
This discussion clarifies the Goods and Services Tax (GST) implications when selling a business unit. It questions whether the wholesale value or the profit on sale should be considered as exempted income for GST purposes. The core of the query revolves around the definition of 'aggregate turnover' as per Section 2(6) of the CGST Act.

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Student
35 Points Posted on 05 November 2020
But why
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On 05 November 2020 at 17:51
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GST Practitioner
55067 Points Posted on 06 November 2020
Whole sale value .
Kindly refer the definition of aggregate turnover u/s 2(6) of CGST Act
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On 06 November 2020 at 00:52

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