GST IMPACTS

What are the practical difficulties of GST on STOCK transfer from Proprietory concern converted into New  LLP

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Quick Summary
This discussion examines the practical difficulties encountered with GST when transferring stock from a sole proprietorship to a newly formed LLP. It highlights that GST is typically considered nil in such cases, as the LLP is viewed as a continuation of the existing business concern.

GST is NIL because its considered as continuation of going concern

Gst impact is nill

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