pantership after death of partner

1665 views 6 replies
one partner die. After death of one partner partnership firm converted in to proprietary concen with assets and liabilities . what is position unafjusted input tax credit after converted in to proprietary concern regarding closing stock
Replies (6)
thank you and congratulations
what is legal position . I want to know
Sir I believe the original partnership firm had only two partners and one died. I think the partnership will get dissolved automatically. Since there is no provision in GST to convert partnership into proprietary ( as PAN itself will change) I think you have to close the original Partnership registration and take fresh registration as proprietary.

Reg Closing stock while closing Original Partnership u have to file GSTR 10 and pay tax on ITC in Closing Stock.
thank you and congratulations
Three partners in old firm and one partner death , so partnership firm no automatically dissolved according to partnership deed , what is legal position . Please advise
Sir, then take GST registration for the proprietor and bill all the stocks to proprietor so that he can take ITC. Then close the partnership GST registration with nill stock. I think this is the better tax planning option


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register