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Conversion of Proprietorship to Private Limited

ravi (n/a) (94 Points)

26 September 2018

Hello all.
Whether GST is applicable on conversion of Proprietorship to Private Limited.
Whether Karnataka Advance ruling that GST not payable on transfer of going concern holds good for the conversion as well? Please share your valuable response.
Thanks in advance.

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2 Replies

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 26 September 2018

Originally posted by : ravi
	Hello all.Whether GST is applicable on conversion of Proprietorship to Private Limited. Whether Karnataka Advance ruling that GST not payable on transfer of going concern holds good for the conversion as well? Please share your valuable response. Thanks in advance.