Easy Office
LCI Learning

Transfer of GST Credit in case of change in Constitution

This query is : Resolved 

15 November 2019 Partnership Firm Converted into LLP not sale how to avail GST Credit in new LLP? what to do before Partnership Firm
GST cancellation?

15 November 2019 In case of any changes to the legal name of a business, the GST registration certificate need not be cancelled. The existing GST registration can be amended to reflect the new business name. Changes to business name can be updated on the GST portal by filing FORM GST REG-14 within 15 days of change of business name

15 November 2019 But If we convert into LLP. We should get new Pan then we have to apply for fresh registration. According to me amendment is not applicable in case change of pan number




26 November 2019 The transferor firm will file ITC-02 to transfer the credit lying in the electronic credit ledger. The transferee LLP will accept the same and the ITC will be transferred.
Then file application for cancellation of GST registration of the partnership firm. Mention Change in constitution as the reason for cancellation.

26 November 2019 Thnaks CA Siddhartha Bhardwaj Sir




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries