Transfer of partnership interest in LLP
This query is : Resolved
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?
21 August 2025
Yes, GST not applicable, it's ownership transfer not a supply of goods or services.
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).
🧾 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).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Liable to deduct tds and 44ADA
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- SGST balance is there in credit ledger how to adjust for cgst
- Internship/Academic shown in Salary Pay Slip of a Doctor
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
