Anita Pangotra (116 Points)
29 December 2018
Prajwal Shetty
(Artical Assistent)
(237 Points)
Replied 29 December 2018
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 29 December 2018
| Originally posted by : Anita Pangotra | ||
 |
At the time of cancellation of gst no of deceased person by his legal heir, whether he has to pay tax on stock and capital goods at the time of cancellation?? will it not be double taxation because his legal heir again has to pay tax at the time of its supply.. |  |
If Legal Heir Continue Business as a going Concern Than as per Sl.No. 2 Of Exemption GST is Not leveid
Anita Pangotra
(116 Points)
Replied 29 December 2018
Mondira Saha
(GST)
(3925 Points)
Replied 29 December 2018
Anita Pangotra
(116 Points)
Replied 29 December 2018
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 29 December 2018
| Originally posted by : Anita Pangotra | ||
|
but exemption is there in gst exemption notification If an on going business is transferred | |
It' can be done while cancellation of registration of ongoing business (Transferor)
Login to the GST Portal with your user-ID and password. Navigate to the Services > Registration > Application for Cancellation of Registrationoption. select the Tab Reason : there 2 option in your case :
If it's a company select :! 1.Transfer of business on account of amalgamation, merger, demerger, sale, leased or otherwise
If it's proprietary Firm Select 2 Change in constitution of business leading to change in PAN: Enter the date from which registration is to be cancelled.
Provide the GSTIN of the transferee entity under the Details for Transfer, Merger or Change in Constitution section. System will validate the same, and based upon it’s Legal Name of Business, will auto-populate the Trade Name Enter the date from which registration is to be cancelled (Transfer of business)
Click Save & Submit the Application. Note :
File FORM GST ITC-02, electronically on the Common Portal along with a request for transfer of unutilized input tax credit lying in his electronic credit ledger to the transferee:
pritesh
(CA Final student)
(7101 Points)
Replied 29 December 2018
Anita Pangotra
(116 Points)
Replied 29 December 2018
pritesh
(CA Final student)
(7101 Points)
Replied 29 December 2018
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