GST on sale of ongoing concern

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..... GST on sale of ongoing concern
Query (Issue) Started By: - Kaustubh Karandikar Dated:- 16-12-2021 Last Reply Date:- 16-12-2021 Goods and Services Tax - GST
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GST
1) A Foreign Co .....

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..... mpany 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, XYZ will be get .....

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..... ting 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 it is exempted u .....

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..... nder 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: - 117702
Discussion Foru .....

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..... m - Knowledge Sharing .....

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