https://www.taxtmi.com/caselaws?id=421921 AAR, West Bengal ruled that transfer of a CRF unit constitutes supply of services, not goods, under GST law. The transaction involves transfer of business assets, liabilities, and employees, which cannot be classified as supply of goods since business is not movable property. The transfer qualifies as supply of services under Entry No. 2 of Notification No. 12/2017-Central Tax (Rate), subject to meeting going concern conditions. However, the applicant failed to provide auditor documentation proving ability to continue operations, preventing definitive going concern classification. en-us Fri, 22 Apr 2022 00:00:00 +0530 Thu, 03 Apr 2025 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421921 AAR, West Bengal ruled that transfer of a CRF unit constitutes supply of services, not goods, under GST law. The transaction involves transfer of business assets, liabilities, and employees, which cannot be classified as supply of goods since business is not movable property. The transfer qualifies as supply of services under Entry No. 2 of Notification No. 12/2017-Central Tax (Rate), subject to meeting going concern conditions. However, the applicant failed to provide auditor documentation proving ability to continue operations, preventing definitive going concern classification. Case-Laws GST Fri, 22 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421921