Crystal Crop Protection Limited ., In re
Date: April 21, 2022
Subject Matter
Transaction of transfer of business by way of merger of two GST registrations/distinct persons would constitute 'supply'
Summary
The term ‘going concern’ is not separately defined in the GST legislation. However, as per Section 18(3) , change in constitution of the business is essential otherwise, it cannot be said that there is transfer of business as a going conc…
The present application has been filed under Section 97 of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017 [hereinafter referred to as “the CGST Act and MGST Act” respectively] by M/ Crystal Crop Protection Limited , the applicant, seeking an advance ruling in respect of the following question. 1. Whether the transaction of transfer of…