sec.11
Rhythum Mankotia (5 Points)
26 February 2018
why gst is not levied on transfer of a going concern
1 Replies
Bhavesh Gupta
(CA)
(102 Points)
Replied 26 February 2018
Because there are multiple assets involved and intent of GST is to levy a good or service or combination thereof as composite/mixed supply...going concern involves multiple assets and to avoid litigation, it has been exempted.
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