A is running prop firm and having stock of Rs 20 lacs and also debtors creditors. Now A and B has decided to convert this business to partnership. GST number has been taken for new firm also.
Now should they make a single Tax invoice from Prop firm to sale the stock to partnership firm or any other process to follow to migrate the business to partnership firm.
Plz guide Respected Experts...
Menu
Migration related
Replies (1)
Make a business tra agreement betw a and ab. no tax to be paid. after merging a into an, cancel a gst number. transfer credit ledger gst from a to ab.
Recent Topics :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
