https://www.taxtmi.com/forum/issue?id=118642 Sale of factory assets such as plant and machinery, furniture and fittings and electrical installations is taxable under GST at applicable rates, whereas a transfer of the business as a going concern may be nil-rated under the notification for services by way of transfer of a going concern. Transfer of the factory building and leasehold rights must be analysed separately: completed land/building sale is generally not subject to GST, while assignment of leasehold rights can be treated either as transfer of land (no GST) or as a taxable supply depending on its character. en-us Wed, 12 Jul 2023 19:33:37 +0530 Thu, 23 Jan 2025 15:54:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118642 Sale of factory assets such as plant and machinery, furniture and fittings and electrical installations is taxable under GST at applicable rates, whereas a transfer of the business as a going concern may be nil-rated under the notification for services by way of transfer of a going concern. Transfer of the factory building and leasehold rights must be analysed separately: completed land/building sale is generally not subject to GST, while assignment of leasehold rights can be treated either as transfer of land (no GST) or as a taxable supply depending on its character. Discussion-Forum GST Wed, 12 Jul 2023 19:33:37 +0530 https://www.taxtmi.com/forum/issue?id=118642