Case LawAAR No. 05/AP/GST/2020
Shilpa Medicare Limited ., In re
- Court:
- Authority for Advance Ruling
- Bench:
- Andhra Pradesh
- Date:
- February 24, 2020
- Type:
- Advance Ruling
- Members:
- D Ramesh, M Sreekanth
Subject
Transfer of business as a going concern constitutes supply of 'Service'
SupplyGoing Concern
Summary
A plain reading of the clause 4 of schedule 2 clarifies that the transfer of business assets is ‘supply of goods’. But it also disqualifies the 'going concern’ as ‘supply of goods’. According to the definition of ser…
Judgement
1. The present application has been filed u/s 97 of the Central Goods & Services Tax Act, 2017 and AP Goods & Services Tax Act, 2017 (hereinafter referred to CGST Act and APGST Act respectively) by M/s Shilpa Medicare Limited.,(hereinafter referred to as applicant), registered under the Goods & Services Tax. 2. The provisions of the CGST Act and APGST Act are identical, except for cert…