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).
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