https://www.taxtmi.com/article/detailed?id=7121 Schedule II treats transfer of any business asset, with or without consideration, as supply; temporary transfers and private use of business assets are retained as taxable. Retention of assets on cessation is deemed supply except where the business is transferred as a going concern or run by a personal representative. Deletion of the prior rule treating third party recovery sales as the taxable person's supply removes GST liability for such transactions. en-us Wed, 14 Dec 2016 08:45:51 +0530 Wed, 14 Dec 2016 08:45:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7121 Schedule II treats transfer of any business asset, with or without consideration, as supply; temporary transfers and private use of business assets are retained as taxable. Retention of assets on cessation is deemed supply except where the business is transferred as a going concern or run by a personal representative. Deletion of the prior rule treating third party recovery sales as the taxable person's supply removes GST liability for such transactions. Articles Goods and Services Tax - GST Wed, 14 Dec 2016 08:45:51 +0530 https://www.taxtmi.com/article/detailed?id=7121