Firm constitution change in to company
This query is : Resolved
23 April 2019
My firm constitution has changed in to company.
Please tell me GST implications on me and how to transfer my previous Firm ITC in to new Company
Old firm registration cancel automatically or not?
Please tell me GST implications on me and how to transfer my previous Firm ITC in to new Company
Old firm registration cancel automatically or not?
23 April 2019
You need to cancel firm registration and apply for fresh registration ( Rule 19 of CGST Rules 2017.
• Where there is change in the “Constitution of any business” resulting change in PAN then the said registered person should apply for fresh registration.
)
Procedure for cancellation : -
Login to the GST Portal with your user-ID and password.
Navigate to the Services > Registration > Application for Cancellation of Registration option.
Fill the relevant details & submit .
Previous firm's ITC can be transfer thru FORM GST ITC 02 .
Old Firm registration will not be automatically cancelled . You need to apply for cancellation with the procedure given above
• Where there is change in the “Constitution of any business” resulting change in PAN then the said registered person should apply for fresh registration.
)
Procedure for cancellation : -
Login to the GST Portal with your user-ID and password.
Navigate to the Services > Registration > Application for Cancellation of Registration option.
Fill the relevant details & submit .
Previous firm's ITC can be transfer thru FORM GST ITC 02 .
Old Firm registration will not be automatically cancelled . You need to apply for cancellation with the procedure given above
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- TDS _Long term Capital Gain ref.sec 214 Table 2
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Taxability of credit in canara bank ET & T section (NRO)
- ITR-3 File/Error Found
- Loss of interest in PF transfer from EPFO to Trust
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
