TMI BlogAcquisition of BusinessX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts, we are a partnership firm propose to acquire the business of another partnership firm with all its assets liabilities. After such acquisition, we hope we can get the transfer of balanc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es lying in their GST Credit ledgers to our respective Credit ledgers. Seeking your valued opinion. - Reply By KASTURI SETHI - The Reply = It is allowed.See Rule 41 of CGST Rules, 2017 . Form GS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T ITC-02 has to be filled electronically by the transferee. Services by way of transfer of a going concern, as a whole or independent part thereof is exempted from GST vide Serial No. 2 of Notificat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion No.12/17-CT(Rate) dated 28.6.17 as amended. - Reply By Ganeshan Kalyani - The Reply = GST liabilities GST credit of the acquiring firm shall get carry forward to you partnership firm. - Acq ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uisition of Business - Query Started By: - Murari Agrawal Dated:- 8-5-2019 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, persona ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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