GST Payable on transfer of business if transfer is not as going concern

In re Cosmic Ferro Alloys Limited (GST AAR West Bengal)

Questions Raised

Whether transfer of an unit by the applicant with all the assets including taking over all the liabilities by the purchaser for a lump sum consideration would amount as supply of goods or supply of services and whether the transaction would be covered under Entry No. 2 of the Please become a Premium member. If you are already a Premium member, login here to access the full content.