Transfer of business in GST is considered as supply and is liable to GST. However, if the business is transferred as going concern with all its liabilities and assets then the same is exempt. There can be many forms of transfer of business – Transfers can be done through direct sale of business, amalgamations, mergers, demergers, transfer due to death of proprietor etc. In this article we will be discussing on the Law and procedure in case of transfer of proprietorship business due to the death of the proprietor.
Source Taxguru
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