https://www.taxtmi.com/forum/issue?id=118472 Transfer of one unit of a partnership as a going concern is exempt under Notification 12/2017 (CGST) as transfer of a going concern, whole or independent part. Practical steps: form the new partnership for the transferred business, obtain voluntary GST registration for it, execute a transfer deed transferring assets and liabilities with consideration reflected in capital accounts, reconstitute the remaining partnership, amend the original GST registration, and ensure the transferor files the required ITC-02 return. en-us Sat, 08 Apr 2023 11:59:56 +0530 Thu, 23 Jan 2025 15:54:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118472 Transfer of one unit of a partnership as a going concern is exempt under Notification 12/2017 (CGST) as transfer of a going concern, whole or independent part. Practical steps: form the new partnership for the transferred business, obtain voluntary GST registration for it, execute a transfer deed transferring assets and liabilities with consideration reflected in capital accounts, reconstitute the remaining partnership, amend the original GST registration, and ensure the transferor files the required ITC-02 return. Discussion-Forum GST Sat, 08 Apr 2023 11:59:56 +0530 https://www.taxtmi.com/forum/issue?id=118472