Transfer of business assets

priyankagupta (article) (361 Points)

15 January 2020

my client is conducted business in proprietor ship. he trf his business to his son.whether liable to gst

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RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 15 January 2020

Yes... GST applicable.

Transfers not available in GST from one gstin to another GSTIN
..

priyankagupta (article) (361 Points)
Replied 15 January 2020

But as per some professional not liable to gst

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 16 January 2020

On conjoint reading of S.no.4(c) of schedule 2 & s.no.2 of Notification 12/2017 CT (r) , it's Nil rated supply of services.

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