SLUM SALE - GST RELATED AGREEMENTS

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..... SLUM SALE - GST RELATED AGREEMENTS
Query (Issue) Started By: - RV PERUMAL Dated:- 10-2-2021 Last Reply Date:- 23-2-2021 Goods and Services Tax - GST
Got 6 Replies
GST
A PRIVATE LIMITED COMPANY TAKE OVERS ONE PARTNERSHIP FIRM. IN GST WHAT ARE THE PROCEDURAL TO ADOPT FOR THE SLUM SALE (TAKE OVER) IF ANY AGREEMENT OR WRITTEN DOCUMENTS. PLEASE PROVIDE IT. ALSO INFORM ABOUT THE TAX( ITC LY .....

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..... ING MORE THAN 1.5 LAKHS) Reply By KASTURI SETHI: The Reply: Dear RV Perumal Ji, I am posting decisions : one is in favour of the assessee and other is in favour of the Department. You should peruse both and take precautions while drafting the agreement to this effect. Each case has its own/different facts & circumstances. 2019 (24) G.S.T.L. 480 (A.A.R. - GST) = 2019 (4) TMI 1499 - AUTHORITY FO .....

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..... R ADVANCE RULINGS, UTTARAKHAND IN RE : INNOVATIVE TEXTILES LTD. 2019 (20) G.S.T.L. 679 (A.A.R. - GST) = 2018 (12) TMI 767 - AUTHORITY FOR ADVANCE RULING, MAHARASHTRA IN RE : MERCK LIFE SCIENCE PRIVATE LIMITED Reply By KASTURI SETHI: The Reply: One case law pertaining to pre-GST era (regarding Cenvat Credit now ITC). In favour of assessee. 2016 (340) E.L.T. 708 (Tri. - Chennai) = 2016 (6) TMI 8 .....

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..... 29 - CESTAT CHENNAI L.G. BALAKRISHNAN & BROS. LTD. Versus COMMISSIONER OF C. EX., TRICHY Reply By Ganeshan Kalyani: The Reply: I guess you will have to appoint a tax consultant to do all procedure of the tax over. Reply By RV PERUMAL: The Reply: Dear Ganesh Brother, I am also a Tax Consultant. See, Before submitting any opinion to our clients or any other, better ask some our brother expert .....

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..... s in the same field is good for us. Reply By Ganeshan Kalyani: The Reply: Sir, transfer of business as a going concern is exempt as per serial no. 2 of the Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017. Reply By RV PERUMAL: The Reply: Brother Correct, I need any agreements/ procedures between the parties, that agreement I want before the slum sale proceedings. If available plea .....

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..... se provide
Discussion Forum - Knowledge Sharing .....

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