Huf karta

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This query is : Resolved

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When a HUF Karta dies, their legal heirs can continue the business under GST. If the GST number is registered under the HUF's PAN, no major changes are needed beyond updating the authorised signatory. However, if the GST was registered under the Karta's personal name (proprietorship), a formal business transfer process will be required, including filing Form GST ITC-02 to transfer any unutilised input tax credit.

Asif

Asif (Querist)

27 June 2020 sir
huf karta He has died
I am now main karta
I am registered
So either I have to cancel the GST number or I can continue with this number.

Punit Gupta

Punit Gupta (Expert)

27 June 2020 Under GST, on the even of death of registered person under Proprietorship, the Legal heirs can continue with the business and treat the instance as Transfer of Business.
FORM GST ITC-02 electronically on the common portal shall be filed to claim unutilized input tax credit lying in the electronic ledger of the deceased person.

c.bakshi

c.bakshi (Expert)

28 June 2020 its HUF , if the GST no is taken on the pan no of HUF then no need to do anything, just change the auth. signatory

Punit Gupta

Punit Gupta (Expert)

29 June 2020 Agreed with Mr Bakshi, only on the grounds that GSTIN is obtained on HUF PAN. If the proprietorship GSTIN was obtained in Karta Name only, a formal transfer of business will be required.

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