Impact on gst in case of conversion of partnership firm to llp

3345 views 4 replies

If there is a conversion of Partnership Firm to LLP and there will be change in the Pan No.

Then how to deal with the registration of LLP in GST. Can we ammend the earlier Firm's registration details or we need to make a fresh registration of the LLP and surrender the earlier firm registration certificate.

Replies (4)
if there is change in pan no. then you need to make fresh registration .And also when there is change in Constitution of business then it leads to cancellation of existing registration
GSTIN in PAN based.

The PAN of the entity will change upon conversion from proprietorship into partnership. So, you cannot change the status from amendments section. The proprietorship GSTIN has to be surrendered and fresh application should be made for partnership GSTIN.

and what about the credit balance available in the GST credit ledger, will it lapse if we surrender the existing registration.

Is there any provision of transfer of credit balance in case of conversion to LLP.

In my opinon u can file ITC02 & transfer itc ur transfree gstin

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