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Conversation of partnership firm into proprietorship

29 November 2020

A pertnership firm wants to convert it to proprietorship with the same name. Can we continue with the same GST no. Or we have to take a new no. For proprietorship and surrender old one?

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6 Replies

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 29 November 2020

Yes, take new one and follow the next process.

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ayusmita (Tax consultant) (5885 Points)
Replied 29 November 2020

You have to take new one

1 Like

Vijayprakash P (1313 Points)
Replied 29 November 2020

You cannot continue with the same GST Number. You have to take new GSTIN No.

1 Like

Shivam RC (Student) (23683 Points)
Replied 29 November 2020

You have to apply for a new GST Registration now since there is a change in the constitution of business ( Partnership to Proprietorship ) which results in the change of PAN Card of the Firm...

2 Like

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 30 November 2020

No you cannot continue with same GSTN , need apply for new GSTN.

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APURBA CHATTERJEE (QUALIFIED CHARTERED ACCOUNTANT) (608 Points)
Replied 01 December 2020

In case of conversion of Partnership to Proprietorship , you need to apply for cancellation of existing GST registration due to change in constitution of business and then you need to take new registration on the basis of new PAN