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Transfer of partnership interest in LLP

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(Querist)
20 August 2025 Can we say that transfer of partnership interest in LLP is transaction in securities and thus, not amounting to ‘supply’ and subject to GST?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 August 2025 Yes, GST not applicable, it's ownership transfer not a supply of goods or services.
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
21 August 2025 No, transfer of partnership interest in an LLP cannot generally be treated as a "transaction in securities" under the current legal framework.

🧾 Therefore, it may be treated as a supply under GST, unless:

It qualifies as a transfer of a going concern (exempt under GST), or

Structured in a way that no supply of goods/services occurs (e.g. capital contribution/share in net assets without consideration).
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