https://www.taxtmi.com/forum/issue?id=117738 A slump sale of an entire business as an ongoing concern without movement of goods qualifies as a supply of business as going concern and is not subject to GST; the buyer using goods at the seller's premises and declaring that premises as an additional place of business does not alter that treatment. Where the supply is exempt, common input tax credit must be apportioned and reversed under rule 42, and specific credits for services incurred for the transfer (such as due diligence) are ineligible and must be disallowed. en-us Tue, 28 Dec 2021 14:57:50 +0530 Thu, 23 Jan 2025 15:54:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117738 A slump sale of an entire business as an ongoing concern without movement of goods qualifies as a supply of business as going concern and is not subject to GST; the buyer using goods at the seller's premises and declaring that premises as an additional place of business does not alter that treatment. Where the supply is exempt, common input tax credit must be apportioned and reversed under rule 42, and specific credits for services incurred for the transfer (such as due diligence) are ineligible and must be disallowed. Discussion-Forum GST Tue, 28 Dec 2021 14:57:50 +0530 https://www.taxtmi.com/forum/issue?id=117738