https://www.taxtmi.com/forum/issue?id=116717 GST exemption applies only where the transfer is of the business as a whole as a going concern, requiring transfer of both assets and liabilities; if outstanding advances or overseas debtors are not transferred, the transaction does not qualify for the exemption and GST becomes applicable. en-us Fri, 18 Sep 2020 18:21:21 +0530 Thu, 23 Jan 2025 15:54:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116717 GST exemption applies only where the transfer is of the business as a whole as a going concern, requiring transfer of both assets and liabilities; if outstanding advances or overseas debtors are not transferred, the transaction does not qualify for the exemption and GST becomes applicable. Discussion-Forum GST Fri, 18 Sep 2020 18:21:21 +0530 https://www.taxtmi.com/forum/issue?id=116717