https://www.taxtmi.com/highlights?id=56303 Nature of supply - Levy of GST - Transfer of an operational outlet - A branch of the same business vertical can be by no stretch of imagination considered as an independent part of the concern - the transfer of business assets is covered under the category of ‘supply of goods’ and in no way is covered by the clause ‘transfer of a going concern, as a whole or an independent part thereof’. Thus, the transaction becomes a taxable event in terms of the provisions of Sec. 7 read with Sec. 9 of the CGST Act, 2017. - AAR en-us Wed, 13 Jan 2021 12:01:21 +0530 Wed, 13 Jan 2021 12:01:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56303 Nature of supply - Levy of GST - Transfer of an operational outlet - A branch of the same business vertical can be by no stretch of imagination considered as an independent part of the concern - the transfer of business assets is covered under the category of ‘supply of goods’ and in no way is covered by the clause ‘transfer of a going concern, as a whole or an independent part thereof’. Thus, the transaction becomes a taxable event in terms of the provisions of Sec. 7 read with Sec. 9 of the CGST Act, 2017. - AAR Highlights GST Wed, 13 Jan 2021 12:01:21 +0530 https://www.taxtmi.com/highlights?id=56303