Firm changes partnership to proprietorship

1. will its necessary that my gst number change.???

2. what will happen to my credit that I had at current stage , it will stay or I will lose it benefit.???

3. is any method by which I does not had change my gst registration in propertership firm.and my gst return benefit???

Replies (3)

You may ask your queries at profsindia.com

Profsindia.com

1.yes it. will change as firm is consideref a separate taxable entity different from it's partners whereas in case if proprietorship it is not the case
2.Yes the credit to the extent of the partners share will be transferred to the proprietor firm
3.No other method
1) yes you have to apply for new gst registration
2) Credit you can transfer by filing itc 02
3) you have to change gst registration there is no other way.

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