Home Forum Goods and Services Tax - GST Month 2 2023 2023 (2) This
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Transfer of Going Concern - Goods and Services Tax - GSTExtract XYZ (Proprietor) is converting his business from Proprietor to Private Limited Company as a Going Concern . As per Notification No. 12/2017 , there is un - conditional exemption from payment of GST for Services by way of transfer of a going concern, as a whole or an independent part thereof. 1) Whether XYZ is required to prepare Bill of Supply at the time of transfer of business? 2) What should be the value to be shown on the Bill of Supply since no consideration is received by XYZ?
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