Demerger of one segment of X (entity) to Y(other entity)

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..... NCLT approved the demerger of one segment of X on 13-09-2023, and Books of the demerger segment of X to Y were transferred on 31-03-2023. GST registration of Y was obtained in Oct'22 and Turnover .....

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..... as per GST return of Y for FY 2022-23 was NIL, but Y is having turnover of lakhs as per Audited FS for FY 2022-23 due to business transfer activity on 31-03-2023. So pls advise about the treatment of .....

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..... this transaction in GSTR 9 9C of X Y for FY 2022-23. - Reply By Pradeep Reddy - The Reply = Please refer Sec 87 of the CGST . Turnover shall be reported in the original company X till th .....

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..... e effective date of de-merger. If the effective date is 31.03.2023. For 9 9C- pls disclose turnover of demerged unit of X till 31.03.2023 in X's 9C and any transaction which occurs after .....

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..... said date can be disclosed in 9 9C of Y. Hope this clarifies. If the effective date is 13.09.2022. For 9 9C- pls disclose turnover of demerged unit of X till 13.09.2022 in X's 9C and .....

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..... any transaction which occurs after said date can be disclosed in 9 9C of Y. Hope this clarifies. - Demerger of one segment of X (entity) to Y(other entity) - Query Started By: - DHRUV CHOPRA Date .....

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..... d:- 27-11-2023 Last Replied Date:- 17-1-2024 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - .....

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..... taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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