https://www.taxtmi.com/caselaws?id=800753 Transfer of an entire business undertaking between distinct registered persons, even without consideration, falls within the scope of supply under GST. When the undertaking is transferred as a whole, it is characterised as a supply of services because it is neither goods, money nor securities. Nil-rate treatment for transfer of a going concern, whether as a whole or as an independent part, applies only where the business demonstrably qualifies as a going concern. If that condition is not met, stock, fixed assets and other business assets are deemed supplies of goods immediately before cessation of taxable person status and are taxable at the applicable rates. en-us Thu, 01 Oct 2026 00:00:00 +0530 Sat, 10 Oct 2026 08:32:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800753 Transfer of an entire business undertaking between distinct registered persons, even without consideration, falls within the scope of supply under GST. When the undertaking is transferred as a whole, it is characterised as a supply of services because it is neither goods, money nor securities. Nil-rate treatment for transfer of a going concern, whether as a whole or as an independent part, applies only where the business demonstrably qualifies as a going concern. If that condition is not met, stock, fixed assets and other business assets are deemed supplies of goods immediately before cessation of taxable person status and are taxable at the applicable rates. Case-Laws GST Thu, 01 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800753