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Change of entity from partnership to private limited co

This query is : Resolved 

12 February 2019 Hi,
Please note that our partnership firm converted to private limited co from September 2018. We got gst registration also. Please let me know whether current stock of partnership can be transfered to private limited co.
Whether any entry to be passed in the books regarding stock of accounts of partnership

Thanks

14 February 2019 yes, your private limited company shall be eligible for ITC through stock transfer.


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