TMI BlogGST on sale of ongoing concernX X X X Extracts X X X X X X X X Extracts X X X X ..... 1) A Foreign Company is buying a major stake in XYZ(India) under slump sale of ongoing concern arrangement i.e., transfer of a whole of business concern as a going concern. 2) Against this transfer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , XYZ will be getting from the foreign company an amount of approx. ₹ 100 Crores. Whether XYZ is required to pay GST on this transaction either under forward charge or reverse charge? In my view ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it is exempted under Sr.No.2 of Notification No.12/2017- Central Tax (Rate) dt. 28.06.2017 as amended. Views of the experts please. - Reply By Shilpi Jain - The Reply = Same as in Issue id: - 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 17702 - GST on sale of ongoing concern - Query Started By: - Kaustubh Karandikar Dated:- 16-12-2021 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 X X X X Extracts X X X X
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