https://www.taxtmi.com/forum/issue?id=119167 Land is exempt from GST under Schedule III and thus not a taxable supply, while sale of the solar plant and machinery is a taxable supply of goods subject to GST under the rate schedule and is payable under forward charge. Reverse charge does not apply to the purchaser. If transaction value exceeds registration thresholds the NRI should obtain GST registration, including temporary registration as a Non Resident Taxable Person. The going concern exemption may apply only if the transfer is of a continuing business or identifiable undertaking; otherwise GST applies and allied stamp duty and income tax (TDS, capital gains) consequences must be considered. en-us Thu, 20 Jun 2024 10:33:52 +0530 Fri, 24 Jan 2025 10:40:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119167 Land is exempt from GST under Schedule III and thus not a taxable supply, while sale of the solar plant and machinery is a taxable supply of goods subject to GST under the rate schedule and is payable under forward charge. Reverse charge does not apply to the purchaser. If transaction value exceeds registration thresholds the NRI should obtain GST registration, including temporary registration as a Non Resident Taxable Person. The going concern exemption may apply only if the transfer is of a continuing business or identifiable undertaking; otherwise GST applies and allied stamp duty and income tax (TDS, capital gains) consequences must be considered. Discussion-Forum GST Thu, 20 Jun 2024 10:33:52 +0530 https://www.taxtmi.com/forum/issue?id=119167