Business Unit Transfer as Service: AAR Confirms as Sale of Going Concern under GST Entry No. 2, Notification 12/2017.

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....Classification of supply - sale as a going concern - transfer of the business - The transaction of transfer of business unit of the applicant involved in the instant shall be treated as a supply of services - transaction would be covered under Entry No. 2 of the Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017 subject to fulfillment of the conditions to qualify as a going concern. - AAR....