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Aparna

accountant

148 Points Posted on 10 June 2021

Sir,

I have transferred my partnership to Private Limited Company.

I have taken NEW GST number for Private Limited Company & cancelled GST number of partnership firm and same the approve by department.

My Question is

1. can i required to filed ITC -02 if there is no ITC balance in Electronic Credit Ledger

2.Can I Filed ITC Transfer from after cancelled the GST number?

3. 4. After Cancelled the partnership firm registration we want to file final GST return -10. If there is WIP stock than it’s required to show in GSTR -10 & where we want to show?

Please give the solution

Replies (2)

Quick Summary

This discussion addresses the GST implications when a business transitions from a partnership to a Private Limited Company. Key questions cover whether ITC-02 is required if there's no ITC balance, the possibility of filing ITC transfer after GST cancellation, and how to declare work-in-progress stock in the final GSTR-10 return. The advice clarifies that ITC-02 is not needed if there's no credit balance and cannot be filed post-cancellation, but GSTR-10 must be filed within three months, including stock details.