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Slump sale procedure under gst

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Sir / Madam,

 

I am trying to change the ownership of a Proprietorship from father to son under Slumb sale. Son is having a separate GST. Under GST , did we have to pay gst on the goods (Stock), if goods are transferred. 

Kindly post your suggestions....

Please tell me the procedures for the same....

Replies (1)
yes you've to pay ITC already claimed on such stocks or tax charged on such transfer whichever is higher

disclaimer: seek professional advice don't rely solely on advises given here


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