GST & IT compliance of transfer of Gratutity by employer from one firm to another company.

This query is : Resolved

SARATH KURIAN (Querist)
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26 September 2022 Dear Sir/Madam,

We started a new private limited company. We also transfer few employees from partnership company to new private Ltd co. But both are different entities. May I know the legal compliance of both GST and Income Tax issues regarding this transfer.

Thanks & regards

CMA.Sarath Kurian

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 September 2022 New PAN and GST registration required for the private company.

SARATH KURIAN

SARATH KURIAN (Querist)
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28 September 2022 Sir,

I would like to know GST & IT compliance for the transfer of gratuity liability from one entity (firm) to another company. Both entities are a related party(directors are the same) not a holdding co or sister company.

Please advise.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 September 2022 No GST or income tax applicable on such transfer within group companies.

SARATH KURIAN

SARATH KURIAN (Querist)
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29 September 2022 Thanks you Seetharaman Sir for your great advice

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 September 2022 You are welcome..........

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