GST & IT compliance of transfer of Gratutity by employer from one firm to another company.
This query is : Resolved
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
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
26 September 2022
New PAN and GST registration required for the private company.
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.
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.
28 September 2022
No GST or income tax applicable on such transfer within group companies.
29 September 2022
Thanks you Seetharaman Sir for your great advice
29 September 2022
You are welcome..........
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