Gst registration trf of business

This discussion explains how to transfer a running business, already registered under a father's PAN for GST, to his son's firm. Since GST is PAN-based and the son will have a different PAN, a fresh GST registration is required for the son's business. The process involves applying for new registration, mentioning the business transfer details, and subsequently transferring any Input Tax Credit (ITC) using Form ITC-02 once the new registration is active. This is treated as a sale, not a gift, and the procedure applies similarly to other business sales.