Innovative Textile Ltd ., In re
Date: March 26, 2019
Court: Authority for Advance Ruling
Bench: Uttarakhand
Type: Advance Ruling
Subject Matter
Transfer of Business as a going concern exempted from GST
Summary
The applicant is carrying on the business of manufacturing of textile yarns, fabrics and garments across India and one of them is situated at B-8, Phase-I, SIDCUL Industrial Park, Sitarganj, Udham Singh Nagar, Uttrakhand and on perusal of the agreeme…
1. This is an application under Sub-Section (1) of Section 97 of the CUST/SGST Act, 2017 (herein after referred to as Act) and the rules made thereunder filed by M/s Innovative Textile Limited, 13-8, P11-1, SIMLA Industrial Area, Sitarganj, Udham Singh Nagar, Uttarakhand seeking an advance ruling on whether “Business Transfer Agreement” as a going concern on slump sale basis is exempte…