Applicability of gst on sale of ongoing proprietary firm
Rachna (Accounts Assistant ) (37 Points)
23 March 2023Rachna (Accounts Assistant ) (37 Points)
23 March 2023
Apurba Pandit
(Owner)
(0 Points)
Replied 23 March 2023
Based on the information provided, it appears that ABC Pvt Ltd is acquiring ABC Proprietary Firm through a share allotment, meaning that the mode of consideration is in the form of shares. The following is a summary of the possible tax implications of this transaction:
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 24 March 2023
sabyasachi mukherjee
(27334 Points)
Replied 24 March 2023
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