Appellate Advance Ruling Authority holds GST applicable on transfer of business as a going concern between ‘distinct persons’ (i.e. two establishments of same entity)

In a ruling[i] having significant GST implications for business reorganization, the AAAR has held that transfer of business as a going concern between distinct persons from one State to another would be considered as ‘supply of goods’ attracting GST.

Source TaxCognito

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