Tax payer is expired. Now, we would like to continue the business on his son's name.
My query is about opting the option between DEATH OF PROPRIETOR AND TRANSFER/SUCCESSION OF BUSINESS while applying New GST Registration.
We are having Closing stock of Rs. 50 Lakhs. How to transfer the stock to new business ( May i required to pay any GST while transferring the stock?)
You need to amendment the gst certificate registration after giving intimation in gst portel. after that you will get fresh certificate under new name.
The legal representative of deceased person Will be liable for payment of tax due, interest penalty if any
refer sec 93 if CGST.
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