Private ruling: GST and sale of a going concern
Date of advice: 20 March 2018
Published: June 2018

Ruling: Q1: Was the sale of your enterprise a going concern? | A1: Yes. The sale of your enterprise was the sale of a going concern.

Relevant facts and circumstances: You sold your enterprise as a sale of a going concern.

Relevant legislative provisions: A New Tax System (Goods and Services Tax Act) 1999 – Subdivision 38-J