https://www.taxtmi.com/forum/issue?id=119972 A transfer excluding debtors, creditors and loans may still qualify as a transfer of a going concern and be exempt under Notification No.12/2017 if the assets transferred amount to an independently operable business unit and the transferee continues the business without interruption. Liabilities need not be taken over, but continuity of operations must be evidenced. Parties must document the transfer via a Business Transfer Agreement, board resolutions and operational records, and address joint and several liability exposure through disclosures and indemnities to manage GST compliance risk. en-us Mon, 05 May 2025 17:29:41 +0530 Wed, 14 May 2025 00:38:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119972 A transfer excluding debtors, creditors and loans may still qualify as a transfer of a going concern and be exempt under Notification No.12/2017 if the assets transferred amount to an independently operable business unit and the transferee continues the business without interruption. Liabilities need not be taken over, but continuity of operations must be evidenced. Parties must document the transfer via a Business Transfer Agreement, board resolutions and operational records, and address joint and several liability exposure through disclosures and indemnities to manage GST compliance risk. Discussion-Forum GST Mon, 05 May 2025 17:29:41 +0530 https://www.taxtmi.com/forum/issue?id=119972