Inclusion of new nature of business in partnership deed and GST.

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Rakesh Reddy (Querist)
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06 September 2021 Hi,

I have a partnership firm registered in 2015 for construction purpose and obtained a GST registration for the same, now i want to add a new nature of business for my old partnership firm, the new nature of business is retail. what is the procedure for the change of nature of business at the registrar of firms? Can I include the new nature of business for the GST number, if yes, what is the procedure for the updating the new nature of business in GST.

Thanks in advance for your replies.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 September 2021 The changes in Partnership deed are made by execution of a supplementary deed which is an addendum to the original partnership deed. Payment of appropriate stamp duty is a must for said deed. The registration of the supplementary deed would be compulsory if the firm is already registered with Registrar of Firm.
In the existing GST registration add additional business with effective date.

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