Rohit Bhatia (Accounts Service) (331 Points)
26 November 2017
RAJA P M
("Do the Right Thing...!!!")
(127453 Points)
Replied 26 November 2017
Divakar
(Student CA Final )
(11857 Points)
Replied 26 November 2017
RAJA P M
("Do the Right Thing...!!!")
(127453 Points)
Replied 26 November 2017
RAJA P M
("Do the Right Thing...!!!")
(127453 Points)
Replied 26 November 2017
Divakar
(Student CA Final )
(11857 Points)
Replied 26 November 2017
CA Anuj Goenka
(2 Points)
Replied 30 November 2018
Yes, You can transfer partnership to proprietorship.
Basis Schedule II of the GST act, clause 4 (c) read with its proviso; you will not be liable to pay tax on such transfer.
Also the credit if any from old business can be taken in the new business.
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