Transfer of stock and itc and busniess assets
This query is : Open
01 August 2019
IN CASE OF DEATH OF PROPRIETOR. HOW ITC CAN BE TRANSFER AND HOW STOCK CAN TRANSFER WHAT IS ADJUMENT ENTRY IN BALANCE SHEET OF TRANSFREE AND TRANSFORER? WHAT IS IMPLICATION UNDER GST AND INCOME TAX ? IF BUSNIESS IS NOW WILL CONTINUE BY NEPHEW OF DECEASED PERSON IS NOT LEGAL HAIR NOR REALTIVE OF PROPRIETOR
01 August 2019
check section 18 of CGST Act, it have answers of your queries.
02 August 2019
ok thanks sir .but how it be in income tax
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