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Demerger of business - Goods and Services Tax - GSTExtract Dear Experts I have a client where demerger took place during FY 2019-20 but the appointed date of demerger was 1st April 2018 and order of NCLT was passed in August 2019. Let's suppose there is company A whose major portion of business is demerged to new entity B. The audited balance sheet of the company was signed in November 2019 for FY 2018-19 however NCLT already passed the order in August 2019 so the balance sheet was prepared after demerger in the name of company A and B. But all GST returns for FY 2018-19 were filed in the GST no. of company A. My query is that how we will file the GSTR-9 and 9C for FY 2018-19 because in GST returns the entire income was disclosed in Company A however in finacial statements it is divided between A and B as per order of demerger. Please help. It is very urgent. Regsrds Archna Gupta
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