Stock transfer from father to son
vishnu kumar (7 Points)
23 February 2020There is stock of more than 1 cr in my father s firm. How to transfer stock to my gst number ? is there anything else other than itc 02 ? Pls suggest.
Thanks a lot.
vishnu kumar (7 Points)
23 February 2020
ARS BHARATHI
(Executive in gst department)
(274 Points)
Replied 23 February 2020
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 23 February 2020
Maha
(owner)
(62 Points)
Replied 01 June 2021
Hello Mr.Pankaj
That particular speaks about the ITC credit only and not mentioned about Stock in hand transfer from Fathers firm to Sons firm while closing the fathers firm. Am i missing any. Pls. guide me as i also have a similar issue.
Thanks
Maha
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961