GST may not
be required depending on your circumstance. For example, where your transaction meets the requirements of a sale of business as a going concern then GST may not be required. However, the Seller and the Purchaser must agree in writing, before the sale, that the transaction is a sale of a business as a going concern.
To learn more about GST and sale of business as going concern click here
To learn more about GST for small business click here