Change in constitution, Goods and Services Tax - GST

[SAURABH KAPOOR]

Change in Constitution from prop. to partnership in same place. Stock and Capital goods held in Prop.Business but no ITC available. Is there any liablity of tax on stock and capital goods. Is there any form to show stock and capital goods transfer from old concern to new

Posts / Replies

[SHARAD ANADA]

Refer Notification 12/2017

2

Chapter 99

Services by way of transfer of a going concern, as a whole or an independent part thereof.

Nil

Nil

[YAGAY andSUN]

Transfer of business on the basis on going concern do not attract any GST.

[DR.MARIAPPAN GOVINDARAJAN]

GST is not attracted.