Sell of good from partnership
This query is : Resolved
21 May 2020
Sir,
I have close my partnership firm in the month of mar 2020, and open proprietorship business and returns of IT and gst is pending of partnership firm.
Here i want to know, the stock which i have in partnership firm, can be shown sold to my new business in this month.
Please suggest its very important.
I have close my partnership firm in the month of mar 2020, and open proprietorship business and returns of IT and gst is pending of partnership firm.
Here i want to know, the stock which i have in partnership firm, can be shown sold to my new business in this month.
Please suggest its very important.
21 May 2020
Yes the stock can be shown as sold to new business in current month.
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21 May 2020
Thank you sir, but one thing, as stock sold shown in this may month, then i have again to submitted gst return for this may month of partnership firm and again i have to prepare Income tax filed for FY 20-21.That mean i cannot closed my partnership firm in March 20. Am i right Sir??
21 May 2020
Yes you are right.............
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