GST stock transfer

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30 Points Posted on 15 February 2020
How to transfer stock from old firm to new firm in Pharmacy?
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On 15 February 2020 at 17:41 Report
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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.

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"Do the Right Thing...!!!"
128157 Points Posted on 15 February 2020
Can You give details of Old & New...?
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On 15 February 2020 at 17:48
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30 Points Posted on 15 February 2020
Old GSTIN is with different individual PAN and now it's converting to Partnership firm
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On 15 February 2020 at 19:15
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"Do the Right Thing...!!!"
128157 Points Posted on 15 February 2020
Then it's not transfer. Also understand GST no way for transfer to another GSTIN...

better to transfer through sales...
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On 15 February 2020 at 19:39
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account -GST
1560 Points Posted on 15 February 2020
Better you sales all stock from old company to pertnership firm.
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On 15 February 2020 at 23:17
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30 Points Posted on 16 February 2020
Thank you Sir
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On 16 February 2020 at 08:16
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accountant
24 Points Posted on 06 October 2020

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

 

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On 06 October 2020 at 10:54

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