business transfer

ANIL KUMAR KHETAN (PROPRIETOR) (527 Points)

18 December 2018  
My client want to transfer his proprietary business in favour of his son without consideration with assets and liabilities . His business is registered in GST . What procedure adopted by my client and what is position regarding GST on closing stock transfer . Please clarify the position .Thank you in advance . Son is newly registered in GST for bank overdraft facility.