GST Change in Constitution_Proprietorship into Partnership Firm

This discussion addresses the complexities of converting a GST-registered proprietorship into a partnership firm. Key questions revolve around issuing invoices under the new firm name while the proprietorship GST is still active, transferring stock, and utilising any remaining Input Tax Credit (ITC). Advice suggests that stock can be transferred via an invoice, and while direct ITC transfer isn't possible due to PAN changes, it can be offset against liabilities. The business transfer can be formalised through an agreement, allowing for the cancellation of the old proprietorship GST number.