In partnership firm of 2 partners only ..one partner died ... now can we continue partnership firm with same GST no. by adding new partner.?
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Quick Summary
If one partner in a two-partner firm dies, the partnership typically dissolves. While the partnership deed might outline continuation procedures, it's often necessary to dissolve the existing firm and form a new one with a new partner. This usually requires applying for a fresh GST registration number. If there are more than two partners and some die, the firm may continue, but reviewing the partnership deed is crucial.
Refer to the partnership Deed. generally the deed would provide ways for continuance by way of deemed admission of a new partner. No need to dissolve if such clause exists in the deed.