22 February 2022
Our company's Land/ plant & machinery, building, cwip take over by assets reconstruction company against their loan not paid by us of Rs.8 crore. neither we have not recd. any consideration nor make any supply . We have reduced our gross block against loan value of rs. 8 crore
whether we have considered in gst turnover for file gstr9, however , other than assets value turvover in NIL please reply urgently Regards Rajeev
22 February 2022
In such a case no need to file GSTR 9. Slump sale does not amount to sale of goods or Service, as it is a contract for sale of business as a whole or part as a going concern and not mere sale of goods. Further, slump sale is a transaction not carried out in the course or furtherance of business.
CAclubindia
