https://www.taxtmi.com/forum/issue?id=117004 The issue concerns GST treatment when a company acquires a partnership by slump sale and whether the transfer qualifies as a Transfer of business as a going concern exempt under GST. Parties must draft agreements and supporting documentation to demonstrate continuity of business, allocate and preserve Input Tax Credit, perform due diligence, and include representations, transitional mechanics and indemnities. Advance rulings and pre GST credit cases inform drafting and procedural steps; tax specialist involvement is recommended to implement filings and safeguards. en-us Wed, 10 Feb 2021 11:42:51 +0530 Thu, 23 Jan 2025 15:54:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117004 The issue concerns GST treatment when a company acquires a partnership by slump sale and whether the transfer qualifies as a Transfer of business as a going concern exempt under GST. Parties must draft agreements and supporting documentation to demonstrate continuity of business, allocate and preserve Input Tax Credit, perform due diligence, and include representations, transitional mechanics and indemnities. Advance rulings and pre GST credit cases inform drafting and procedural steps; tax specialist involvement is recommended to implement filings and safeguards. Discussion-Forum GST Wed, 10 Feb 2021 11:42:51 +0530 https://www.taxtmi.com/forum/issue?id=117004