GST: Transfer of Business in the case of Death of Proprietor

CA Altamush Zafar | Last updated: 28 November 2022

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When a sole proprietor passes away, their business ownership legally ends. However, GST law allows legal heirs to either discontinue the business or continue it. If discontinuing, the GST registration must be cancelled, with specific steps for filing returns and paying any outstanding GST on stock and capital goods. If continuing, a fresh GST registration is required, and the deceased's ITC can be transferred.

Transfer of business in GST is considered as supply and is liable to GST. However, if the business is transferred as going concern with all its liabilities and assets then the same is exempt. There can be many forms of transfer of business Transfers can be done through direct sale of business, amal

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About the Author

CA Altamush Zafar

GST Consultant

I am a practicing chartered accountant in a reputed firm based in kanpur. I can be reached at altamash @ pltandon.com or at altamush711 @ gmail.com Also reach us at www.pltandon.com

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GST: Transfer of Business in the case of Death of Proprietor

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