Dear Experts,
Greetings of the day!
Actually I have a case wherein the father is the GST holder of a proprietorship firm.
His son also applied GST number 2 years ago with the same trade name with a thought that he will continue the business with the same name.
Now father has stopped working in the month of March 2020 and his son has taken over the same business. There is no ITC available in his ledger. Son has started the invoice number from the same number where the father left with the invoice which is (father left the bill book at 1101 and son started from 1102, they have pasted the new GSTIN stickers on the invoice).
Now please suggest how we should move further in this case. is it mandatory to start the new business with the absolute '001' serial number. What else do we need to do in this case. Please suggest.
Thanks in advance.
CAclubindia
