https://www.taxtmi.com/manuals?id=711 Services by way of transfer of a going concern are exempt from service tax when a running business, as a whole or an independent part, is transferred so the purchaser can carry it on independently; sale of assets of a closed business falls outside this definition. The exemption covers comprehensive transfers including immovable property, goods, unexecuted orders, employees and goodwill, and does not apply to mere or predominant transfers of an activity comprising a service. en-us Wed, 04 Jul 2012 16:26:00 +0530 Thu, 14 Jul 2016 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=711 Services by way of transfer of a going concern are exempt from service tax when a running business, as a whole or an independent part, is transferred so the purchaser can carry it on independently; sale of assets of a closed business falls outside this definition. The exemption covers comprehensive transfers including immovable property, goods, unexecuted orders, employees and goodwill, and does not apply to mere or predominant transfers of an activity comprising a service. Manuals Service Tax Wed, 04 Jul 2012 16:26:00 +0530 https://www.taxtmi.com/manuals?id=711