Change of entity from partnership to private limited co
This query is : Resolved
prakash menon
(Querist)
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
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
Nilesh Gami
(Expert)
14 February 2019
yes, your private limited company shall be eligible for ITC through stock transfer.
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