Regarding continuation of GST Registration in case of death of a Proprietor
This query is : Resolved
07 May 2021
Can a son of Proprietor continue GST registration in case of death of a Proprietor
07 May 2021
No, since the GSTIN is PAN based, business cannot be continued as such. Need to apply for a new registration.
07 May 2021
Stock and ITC can be transferred and business can be continued in same trade name with new gstin.
In case of transfer of business by way of sale of business, merger or demerger, a registered taxpayer can transfer the input tax credit unutilised and available in his electronic credit ledger into another business by filing a declaration in Form GST ITC-02
In case of transfer of business by way of sale of business, merger or demerger, a registered taxpayer can transfer the input tax credit unutilised and available in his electronic credit ledger into another business by filing a declaration in Form GST ITC-02
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