https://www.taxtmi.com/highlights?id=59200 Exemption form GST on the business transfer undertaken - transfer of a going concern - transfer of a going concern means transfer of a running business which is capable of being carried on by the purchaser as an independent business. Such transfer of business as a whole will comprise comprehensive transfer of immovable property, goods and transfer of unexecuted orders, employees, goodwill etc. - it is evidently clear that the transaction of 'transfer of business' in the instant case does not fit in the definition of a 'going concern' in the context of exclusion of liabilities. - AAR en-us Fri, 13 Aug 2021 08:52:32 +0530 Fri, 13 Aug 2021 08:52:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59200 Exemption form GST on the business transfer undertaken - transfer of a going concern - transfer of a going concern means transfer of a running business which is capable of being carried on by the purchaser as an independent business. Such transfer of business as a whole will comprise comprehensive transfer of immovable property, goods and transfer of unexecuted orders, employees, goodwill etc. - it is evidently clear that the transaction of 'transfer of business' in the instant case does not fit in the definition of a 'going concern' in the context of exclusion of liabilities. - AAR Highlights GST Fri, 13 Aug 2021 08:52:32 +0530 https://www.taxtmi.com/highlights?id=59200