https://www.taxtmi.com/forum/issue?id=118358 Notification No. 12/2017 exempts services by way of transfer of a going concern from GST, treating such transfer as a singular service. Contributors advise the transferor should issue a Bill of Supply and record the transaction value as the value taken in the transferee's books (net book value). Unutilized input tax credit may be transferrable and the transferee is treated as a taxable person; valuation issues between related parties and goodwill require separate income tax/valuation consideration. en-us Sun, 05 Feb 2023 16:51:09 +0530 Thu, 23 Jan 2025 15:54:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118358 Notification No. 12/2017 exempts services by way of transfer of a going concern from GST, treating such transfer as a singular service. Contributors advise the transferor should issue a Bill of Supply and record the transaction value as the value taken in the transferee's books (net book value). Unutilized input tax credit may be transferrable and the transferee is treated as a taxable person; valuation issues between related parties and goodwill require separate income tax/valuation consideration. Discussion-Forum GST Sun, 05 Feb 2023 16:51:09 +0530 https://www.taxtmi.com/forum/issue?id=118358