Eye Share : Slump Sale under GST - Legacy of Ambiguity Continues

“Slump Sale” is a buzzword in the field of corporate restructuring. The Income Tax Act defines such sale as transfer of one or more undertakings as a result of sale for lump sum consideration, without values being assigned to individual assets and liabilities therein.Mr. Kapil Mahani (Co-Founder and Managing Partner, GST Expertise) and Ms. Vani Mishra (Manager) discuss the tax treatment thereof under the Indirect Tax laws of the country, which according to ...