Question ID :
Applicability of GST
M/s ABC Ltd purchased Land , Factory Building and Plant & Machinery of M/s XYZ Ltd from POR Bank Ltd through DRT auction process under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act 2002).
1. Is GST Liability arises in case of auctinable Property ?, If Yes, on whom ?
2. What is GST Impact on ABC Ltd, PQR Bank Ltd & XYZ Ltd.
Jun 05, 2020