One firm which is registered in gst now prop was expired
And his son open a new firm by same firm name
So. How we can transfer stock? To new firm
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How to transfer stock
Replies (5)
via Stock Journal
You can't "TRANSFER" the stock from One GSTIN to Another GSTIN...
Better to take out with Sale proceeds or Take Over.
Better to take out with Sale proceeds or Take Over.
If u r transfer from one GST number to other then you have to issues Sale invoice.
You can transfer your stock only when u transfer your GST to another one
Dear Gulshan Agrawal:
In Your Case Proprietor was Expired:
So Firstly the Major Legal Hiers not minor Legal Hiers have to Apply for surrender of GST Registration [ For this u Must have Death Certificate as well as succession Certificate, kindly go to Your Jurdictional AO & Write a letter regarding approval for authorized signatory, after addtion as an authorized signatory kindly apply for cancellation of Registration online by providing reason death]
After that New Fresh Registration has to be applied in new pan & transfer the stock via Delivery Challan.
For ITC kindly File GST ITC 02 regarding Input on Such Stocks...
In this way You Don't have to issue Sales Invoice , U Can Make only Delivery Challan & Make Stock Journal Entry in Your Tally...
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