I am planning to buy an existing business. Would like to understand the GST implication on the whole deal. The deal can be Slump deal or Asset+Goodwill deal or any other deal. But in overall how we will have to apply GST and how I can reduce the overall implication of GST. Please help me in resolving this deadlock. more  

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At the time of Absorption of enterprise, u need to takeover Stock also (Stock includes either VAT or GST). Now at the time Sale of SuchSuch stock U can claimGST, BUt for VAT u need to take credit underunder ECL before 31st December. more  
Mr. Vijay Chaudhari, can I know your cell number to seek any clarification on GST? more  
The first thing is you have to find out whether the existing business is having a GST Registration Nimber effective from 1st July 2017. If they do not have a GST registration they will have CST and the respective Local Tax Registration No. ( e.g. TNGST) which has been stopped with effect from 01-07-2017 You have to aply for a GST No. Goodwill on Business will not attract any GST. Whereas the Goods in Trade will attract a certin rate of Tax only from the point of your Sales. more  
gst suppose you pay than all gst wil be return to yo on sales value not to worries too much more  
They have GST no. So basically for a deal in which 25% is Goods and 75% is goodwill then only 25% will attract GST. Correct? more  
GST has to be on total business transactions more  
As far as my knowledge based on my experience, you need not have to pay GST for good will; only for the machineries and equipments. For the stock , the seller must have paid the Tax. When you make deliveries, you can charge from your customer. more  
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