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Dissolution of partnership forming proprietorship


(Querist)
16 May 2018
Dear Sir,

One of my client decided to dissolve his partnership firm, and he wants retain same Name and business activity same with sole Proprietorship. I want know how to apply in GST amendment. And Can we change Partnership into
Proprietorship.

regards


CA Siddhartha Bhardwaj (Expert)


Click to Talk 16 May 2018
There is no option of changing the legal status of a taxpayer under GST. You have to obtain fresh registration as a proprietor and surrender GSTIN of the partnership firm.
If there is any unutilized ITC in the partnership firm, it can be transferred to the proprietorship by filing GST ITC-02 form.

raghavendra b (Querist)
17 May 2018
Thank you for your kind reply Sir

regards


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