Business Transferring to Son

Enter into transfer of business agreement.

GST registration in the name of the father (if proprietorship) needs to be applied for cancellation. The stock will have to be shown as sales to the son. The son can obtain GST registration at his discretion subject to the GST provisions.

In case of any further queries, kindly mail me at casoravgupta @ gmail.com

Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)