Vasant Jewellers ., In re
Date: December 22, 2022
Subject Matter
To qualify as a 'going concern', the business must not have intention or necessity of liquidation or of curtailing materially the scale of the operations
Summary
To qualify as a ‘going concern’, the business must not have Intention or necessity of liquidation or of curtailing materially the scale of the operations’. In this context, we like to mention that the applicant has furnished before…
1.1 At the outset, we would like to make it clear that the provisions of the Central Goods and Services Tax Act, 2017 (the CGST Act, for short) and the West Bengal Goods and Services Tax Act, 2017 (the WBGST Act, for short) have the same provisions in like matter except for certain provisions. Therefore, unless a mention is specifically made to such dissimilar provisions, a reference to the CGST A…