<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Transfer of Ongoing Business Classified as Service Under GST, Not Goods: Implications for &quot;Going Concern&quot; Definition.</title>
    <link>https://www.taxtmi.com/highlights?id=54030</link>
    <description>Classification of Supply - transfer (sale) of ongoing business / unit - supply of goods or supply of services or supply of goods services - The definition of services qualifies ‘anything other than goods’ as service. In this context it is obvious that the ‘going concern’, which was excluded form list of ‘supply of goods’, would automatically fall under ‘supply of services’</description>
    <language>en-us</language>
    <pubDate>Wed, 15 Jul 2020 16:31:09 +0530</pubDate>
    <lastBuildDate>Wed, 15 Jul 2020 16:31:09 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=617467" rel="self" type="application/rss+xml"/>
    <item>
      <title>Transfer of Ongoing Business Classified as Service Under GST, Not Goods: Implications for &quot;Going Concern&quot; Definition.</title>
      <link>https://www.taxtmi.com/highlights?id=54030</link>
      <description>Classification of Supply - transfer (sale) of ongoing business / unit - supply of goods or supply of services or supply of goods services - The definition of services qualifies ‘anything other than goods’ as service. In this context it is obvious that the ‘going concern’, which was excluded form list of ‘supply of goods’, would automatically fall under ‘supply of services’</description>
      <category>Highlights</category>
      <law>GST</law>
      <pubDate>Wed, 15 Jul 2020 16:31:09 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=54030</guid>
    </item>
  </channel>
</rss>