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Absence of assessee

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Manish Darji

55 Points Posted on 14 March 2024

hi
if assessee dies in running business under gst then how can run business further with gst ?
is it better to cancelle gst regst and regst new or carry on with old one ?

Replies (3)

Quick Summary

If a business owner dies while operating under GST, their legal heirs have a couple of options. They can apply for a new GST registration in their own name, transferring any existing GST credits, or they can opt to cancel the current registration and then register anew if they wish to continue the business.

sabyasachi mukherjee

Profession

19978 Points Posted on 14 March 2024

Absence of assesee is not there

Money Money

307 Points Posted on 14 March 2024

If an assessee (business owner) dies while running a business under the Goods and Services Tax (GST) regime, there are specific steps to be taken:

Legal Heir or Successor Registration:
If the legal heir or successor wishes to continue the business, they need to apply for GST registration in their name.
The balance in the Credit Ledger (any available GST credits) will be transferred to the new registered GST number.
During the registration process, the reason for taking registration must be specified as "Death of Proprietor"1.
Cancellation of GST Registration:
Alternatively, the legal heirs or representatives can apply for the cancellation of the existing GST registration in case of the proprietor’s death.
After cancellation, they can register anew if they choose to continue the business