I have one Partnership firm of manufacturing which is now converted into a proprietor ship..We have registered different GST number for Proprietorship. So we have two registrations now.. 1 for partnership and other one was propritorship.. Now I have to cancel the gst registration of partnership but there are some ITC around 2 lacs Rupees lying in partnership concerns which I want to transfer in propritor.. but Bank account is same as I didn't opened a new account and transfered same account to propritorship.
So how can I transfer ITC to prop. Can I make one single bill? Or various bills less than 2 lakhs..
Kindly please guide me how can I transfer ITC and then cancel the registration of partnership firm
CAclubindia
