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GST treatment after death of Proprietor

Accounts 290 views 3 replies

Akash

proprietor

82 Points Joined April 2017

Dear Experts,

One of my existing client has passed away. his firm was a proprietorship firm. Now is it possible to transfer the whole business with all the Stock to the legal heir (His wife) GST. please clarify me the complete process. I will be very thankful to you..

Thanks Best Regards

Replies (3)

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

Yes you can ... kindly refer the circular no. 96/15/2019 DT.23/3/2019 specifically issued in this regard

KRISSHNAN KP

4215 Points Joined February 2018

You may transfer the whole business to his wife

Rani Dhiman

Lxmi nagar delhi

35 Points Joined September 2014

Fristly take reg of new firm( transfree) then transfer the itc through ITC-02 form if itc amount exceed 5lakh then ca certificate is required...then apply for gst cancellation of old firm via slecting the option of change in Constitution