GST stock transfer

How to transfer stock from old firm to new firm in Pharmacy?
Replies (6)
Quick Summary
This discussion explores the complexities of transferring stock between different GST-registered businesses, particularly when changing ownership or legal structure. It highlights that direct stock transfer between distinct GSTINs is not permissible under GST law. The recommended approach involves treating the stock transfer as a sale from the old entity to the new one, ensuring compliance with GST regulations.

Can You give details of Old & New...?
Old GSTIN is with different individual PAN and now it's converting to Partnership firm
Then it's not transfer. Also understand GST no way for transfer to another GSTIN...

better to transfer through sales...
Better you sales all stock from old company to pertnership firm.
Thank you Sir

how to transfer stock from father business to son and impact in GST

 

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