Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

GST APPLICABILITY OF TAKE OVER OF BUSINESS ASSETS AND LIBILITIES

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Hi Dear Experts, We are a Partnership firm in the state of X. Our firm's Business assets and liabilities is to be taken over by a Private Limited company of State Y. 1. Whether GST is to be .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... charged for the Fixed assets to be transferred. We feel since the assets and liabilities are being taken over as going concern basis No GST is to be charged. Presently our Partnership firm's nam .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e is SAFETAB LIFE SCIENCE. After taken over, our Company will be named as Safetab Life Science - a unit of XYZ private Limited . Please clarify. 2. After taken over, new GST is to be taken in the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... name of buyer XYZ private limited in our state X mapped with buyer's PAN number.... it is right ? 3. How to transfer the available closing balance in Electronic Credit Ledger - Reply By SI .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... VARAMA KUMAR - The Reply = Slump sale on going concern basis is exempted under GST. Separate registration for each state is mandatory. Transfer of ITC is eligible for the new concern ,FILE FOR .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... M ITC-02 - GST APPLICABILITY OF TAKE OVER OF BUSINESS ASSETS AND LIBILITIES - Query Started By: - SAFETAB LIFESCIENCE Dated:- 26-11-2019 Goods and Services Tax - GST - Got 1 Reply - GST - Discuss .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates