CANCELLATION OF REGISTRATION UNDER GST & STOCK TRANSFER

Dear sir,

I am here to clear a doubt about the stock transfer while cancellation of registration.My friend would like to cancel registration and to start a new one with same Pan card number but with different registration.

There is a lot of stock in the existing business and corresponding  input credit on the portal as well.

My question is can we transfer the same credit and stock to the new one which may be registered soon and if it is yes pls advise the necessary steps we have to take on website.

Thanks and Regards

Shyamlal.K