Case LawRulling No. 20/2018-19
Innovative Textile Ltd ., In re
- Court:
- Authority for Advance Ruling
- Bench:
- Uttarakhand
- Date:
- March 26, 2019
- Type:
- Advance Ruling
Subject
Transfer of Business as a going concern exempted from GST
Exemption
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…
Judgement
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…