Merger of Two Entities as Going Concern Classified as Supply of Services Under GST; Exemption Available with Conditions Met.

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Full Text of the Document

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....Classification of supply - supply of goods or supply of services - transfer of business by way of merger of two registration/distinct person - going concern or not - The transaction of transfer of business of the applicant involved in the instant case shall be treated as a supply of services - Benefit of exemption is available subject to conditions - AAR....