https://www.taxtmi.com/article/detailed?id=9081 The Authority analyzed whether the transfer of land, under construction flats and approved development plan to a purchaser intending to carry on the same construction and sale business constituted a transfer of business as a going concern. Relying on the CGST Act definition of "business" and functional indicators (assets forming a business, purchaser's intent, separable operation, and no consecutive transfers), and on the sale deed showing transfer of the project as a whole with approvals, the Authority treated the transaction as a supply covered by the notification for services by way of transfer of a going concern and exempted it from GST. en-us Fri, 17 Apr 2020 11:32:01 +0530 Fri, 17 Apr 2020 11:32:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9081 The Authority analyzed whether the transfer of land, under construction flats and approved development plan to a purchaser intending to carry on the same construction and sale business constituted a transfer of business as a going concern. Relying on the CGST Act definition of "business" and functional indicators (assets forming a business, purchaser's intent, separable operation, and no consecutive transfers), and on the sale deed showing transfer of the project as a whole with approvals, the Authority treated the transaction as a supply covered by the notification for services by way of transfer of a going concern and exempted it from GST. Articles Goods and Services Tax - GST Fri, 17 Apr 2020 11:32:01 +0530 https://www.taxtmi.com/article/detailed?id=9081