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Transfer of business assets
my client is conducted business in proprietor ship. he trf his business to his son.whether liable to gst
Replies (3)
Quick Summary
Yes... GST applicable.
Transfers not available in GST from one gstin to another GSTIN
..
Transfers not available in GST from one gstin to another GSTIN
..
But as per some professional not liable to gst
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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