Dissolution of partnership forming proprietorship

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raghavendra b (Querist)
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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

CA Siddhartha Bhardwaj (Expert)
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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

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

regards

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