Evaluate the accuracy of the above statement

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It has been claimed that the sale of a going concern business is always a zero-rated supply for tax purposes in terms of the goods and services tax (GST).

Required: Evaluate the accuracy of the above statement using the GSTA 1985 and any relevant court law decisions to support your argument.

Word limit: 1000 (not including references) I can provide relevant legalization but hope you can add some cases as reference

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The assignment is related to the GSTA 1985 in which there is a provision in section 11m that sale of a going concern is a zero rated supply. The assignment clarifies the condition for the sale of going concern to be claimed as zero rated.

Reference no: EM131596896

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inf1596896

9/11/2017 6:12:26 AM

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inf1596896

9/11/2017 6:08:07 AM

Goods and Services Tax Act 1985 Section 11m. you may be needed. Also please provide other reality cases as reference. discusion as follows 1 reqiurements 2 evidence 3 conclusion yes only if the sale of business meet the requirements is it zero rated, if not it will be taxable at 15% 24634292_1Goods and Services Tax Act 1985.pdf As my requirement says, the references won't be counted in the total words. And the case detail should not be described. Just referenced it and discuss. So this is more about own opinion and discussion. Could you please follow the same. thanks Please pass on my requirement to the tutor and if anything not sure, please email me.

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