https://www.taxtmi.com/forum/issue?id=114948 Acquisition of a business as a going concern allows transfer of GST input tax credit balances from the transferor to the transferee. The transferee must electronically submit the prescribed transfer notification form under the GST rules to migrate credit ledger balances, and the transfer of a going concern is treated as an exempt supply for GST procedural purposes. GST liabilities and credits tied to the transferred business may be carried forward to the acquiring partnership upon compliance with these procedures. en-us Wed, 08 May 2019 11:40:06 +0530 Thu, 23 Jan 2025 15:55:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114948 Acquisition of a business as a going concern allows transfer of GST input tax credit balances from the transferor to the transferee. The transferee must electronically submit the prescribed transfer notification form under the GST rules to migrate credit ledger balances, and the transfer of a going concern is treated as an exempt supply for GST procedural purposes. GST liabilities and credits tied to the transferred business may be carried forward to the acquiring partnership upon compliance with these procedures. Discussion-Forum GST Wed, 08 May 2019 11:40:06 +0530 https://www.taxtmi.com/forum/issue?id=114948