https://www.taxtmi.com/article/detailed?id=9926 GST treats transfer of business as a supply and deeming provisions make transfers without consideration and closure or surrender of registration taxable, causing closing stock and assets to be chargeable. An exemption for transfer as a going concern means such transfers are not subject to GST, and related provisions permit transfer of input tax credit and liabilities to the transferee. If a taxable person dies, transfer or continuation as a going concern avoids GST, while closure by heirs attracts GST on closing stock and assets. en-us Fri, 30 Jul 2021 10:12:15 +0530 Fri, 30 Jul 2021 10:12:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9926 GST treats transfer of business as a supply and deeming provisions make transfers without consideration and closure or surrender of registration taxable, causing closing stock and assets to be chargeable. An exemption for transfer as a going concern means such transfers are not subject to GST, and related provisions permit transfer of input tax credit and liabilities to the transferee. If a taxable person dies, transfer or continuation as a going concern avoids GST, while closure by heirs attracts GST on closing stock and assets. Articles Goods and Services Tax - GST Fri, 30 Jul 2021 10:12:15 +0530 https://www.taxtmi.com/article/detailed?id=9926