GST on Transfer of business as going concern

By | January 12, 2018
(Last Updated On: January 12, 2018)

GST on Transfer of business as going concern

Mr. Ram, a sole proprietor has transferred all assets and liabilities of his business carried on under the name and style of Ram Interiors as a going concern to M/s XYZ Private Limited . Is Mr A liable to pay GST on this transfer of business ?

There is NIL GST on

“ Services by way of transfer of a going concern, as a whole or an independent part thereof.”

[ Entry No 2 of NOTIFICATION NO. 12/2017 – CENTRAL TAX (RATE) DATED 28-6-2017 ]

Related Topic on GST 

TopicClick Link
GST ActsCentral GST Act and States GST Acts
GST RulesGST Rules
 GST FormsGST Forms
GST RatesGST Rates
GST NotificationsGST Act Notifications
GST CircularsGST Circulars
 GST JudgmentsGST Judgments
GST Press ReleaseGST Press Release
GST BooksBest Books on GST in India
GST CommentaryTopic wise Commentary on GST Act of India
GST You Tube ChannelTaxHeal You Tube Channel
GST Online CourseJoin GST online Course

Leave a Reply

Your email address will not be published.