transfer of business from father to son in gst
vishnu kumar (7 Points)
11 September 2019what will happen to stock ,and input ?
Please let me know process for transfer in GST . Thanks a lot in advance.
vishnu kumar (7 Points)
11 September 2019
Sandeep Kumar
(45 Points)
Replied 11 September 2019
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 11 September 2019
Shrikant Toshniwal
(TAX CONSULTANT)
(1109 Points)
Replied 11 September 2019
@ PANKAJ RAWAT CIRCULAR 96/15/2019 IS IN CASE OF DEATH OF SOLE PROPRIETOR
@ VISHNU KUMAR AS U SAY UR FATHER IS ON BED AND UNABLE TO SIGN PROPERLY BUT THEY MAY SIGN
AS HE IS ABLE TO SIGN U MAKE A TRANSFER DEED IN WHICH U CAN TRANSFER THEIR ASSETS AND STOCKS TO U AND
APPLY FOR NEW REGISTRATION NUMBER OF URS & THEN APPLY FOR CANCELATION OF UR FATHER REGISTRATION WITH REASON TRANFER OF BUSINESS TO UR NEW GSTN AND FILL ITC02 IF THERE IS ITC.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 12 September 2019
vishnu kumar
(7 Points)
Replied 12 September 2019
Shrikant Toshniwal
(TAX CONSULTANT)
(1109 Points)
Replied 12 September 2019
DEAR FRD ,NEVER LEAVE THE HOPE UR FATHER RECOVER SOON
1) IF U WANT TO CONTINUE BUSINESS WITH FATHERS GST U MAKE A POWER OF ATTORNEY THIS WILL HELP U TO RUN BUSINESS WITH OUT ANY LEGAL OBLIGATION AND OPERATE BANK ACCOUNT TO .
2 ) U MAY TRANSFER THE BUSINESS IN UR NAME AND CONTINUE FATHER BUSINESS AS URS JUST (PROPRIETOR NAME CHANGE)
CHOICE IS URS
Tushar Nanaware
(131 Points)
Replied 12 September 2019
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