Gulshan Agrawal (Student Others) (122 Points)
29 September 2018One 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
RAJA P M
("Do the Right Thing...!!!")
(128004 Points)
Replied 29 September 2018
Suvendu
(Accounts)
(429 Points)
Replied 29 September 2018
If u r transfer from one GST number to other then you have to issues Sale invoice.
K P S Group
(247 Points)
Replied 01 October 2018
basant
(Accounting & Taxation)
(385 Points)
Replied 02 October 2018
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...
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
