Chartered Accountant in Practice
1260 Points
Posted on 07 April 2023
You will need a different GSTN for running a LLP. The existing business could be sold to the LLP and the same is exempt vide sl. no. 2 of notification 12/2017-CTR. Unutilized credit could also be transferred to the LLP by filing FORM ITC-02. Not sure with regard to the validity of drug licence. Suggested to consult and expert in that area.