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One partner death

03 June 2021

Sir if one partner dies in a partnership firm then what should be done in GST (add new partners or close the firm or transfer the capital of that firm to another firm please

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CA Altamush Zafar (GST Consultant) (15971 Points)
Replied 03 June 2021

Depends on the partnership agreement.

Mostly there is a clause in case of death of partner. The most practical solution will be to add a partner and continue with the same registration rather than opening the new firm and doing everything all over again. But this is subject to partnership agreement.

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