Partnership to proprietorship

206 views 1 replies

Hi:

I have a partnership firm with 3 other silent partners. I have successfully obtained the GSTIN last month after uploading all supporting documents. 

I wish to convert this firm into proprietorship under my name, to reduce tax liability of 30% for firms. All partners are willing to this. Will I be able to retain the same GSTIN, firm name, bank account etc ? Is a simple stamp paper stating the cause and signed by all partners sufficient?

 

Replies (1)
Not possible because while submitting GST Registration application you would have provided firm's PAN. Now you want to convert it to proprietorship which means your PAN. Since the GST Number is registered in the name of firm's PAN it cannot be transferred to your PAN. You will have to cancel firm's registration and apply for fresh registration in your PAN.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Company
06 July 2026
Senior Accountant

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
16 July 2026
Manager - Finance & Accounts

Aliens Group

Hyderabad

CA Final

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

View Details