hi
i need help i have 3 indivisual firms with diffrent propritors. we are merging all firms to a parnership firm. we have stock of goods i old firms how can we transfer stock to new firm without paying gst.
2 Replies
Rama chary Rachakonda
(Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294)
(7957 Points)
Replied 05 February 2025
Transfer of Stock To transfer the stock, follow these steps:
As per GST laws, such transfers are not subject to GST. However, you must:
Areeba Nishat
(14 Points)
Replied 13 May 2025
If you're dealing with inventory stock, you'll usually need to:
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Create a stock transfer request/order in your system.
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Document the source and destination locations.
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Update the inventory levels in both locations once the transfer is complete.
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Ensure everything is logged for audit/tracking purposes.
For Shares/Equity Transfers:
If it’s about company shares, you may need:
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A stock transfer form (like a J30 in the UK)
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Approval from the board or compliance with shareholder agreements
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Notification to the company registrar or broker
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Possible stamp duty (depending on the country
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