Case LawAdvance Ruling No. 10/2019-20
Rajeev Bansal and Sudershan Mittal ., In re
- Court:
- Authority for Advance Ruling
- Bench:
- Uttarakhand
- Date:
- January 9, 2020
- Type:
- Advance Ruling
- Members:
- Vipin Chandra, Amit Gupta
Subject
Transfer of Business as a going concern is exempted from GST
Exemption
Summary
Q) Whether “Business Transfer Agreement” as a going concern which consists of transferring under- construction project, is exempted from the levy of GST in terms of serial no. 12 of the Notification No. 12/2017-Central Tax (Rate) dated 28…
Judgement
1. This is an application under Sub-Section (1) of Section 97 of the CGST/SGST Act, 2017 (herein after referred to as Act) and the rules made thereunder filed by M/s Rajeev Bansal & Sudershan Mittal, 789, 1st Floor Awas Vikas Ranipur More, Hardwar, Uttarakhand seeking an advance ruling on whether “Business Transfer Agreement” as a going concern which consists of transferring under-…