how to transfer ownership of proprietorship to another???
In GST also can we change owner of proprietorship business??
Menu
Transfer of ownership
Replies (7)
it seems to difficult legally. I think it is best to close once and start in new one in which it has to be transfer.
Can't transfer one gstin to another person... U should have take new registration in that other person name.... And sale ur business as going concern and file ITC 02 for ITC CLAIM mam..
Yes you have to amend gst registraion in the option of Proprioter details.
the main thing in amendment is PAN . it's my opinion that Can't be amended . we can not amend whole portion.
Will need to take new registration as per section 22(3).
I.e. When the business is transfer.
I.e. When the business is transfer.
agree to take new registration.
u have to file cancellation of registration of transferor (prop) , during cancellation it will ask reason for cancellation , plz select the option change in Constitution, , next it will ask for GSTn of transferee , as soon as u put the GSTN his name will popup.
plz file ITC 02, to transfer Ur ITC to transferee account
plz file ITC 02, to transfer Ur ITC to transferee account
Recent Topics :
- Source of funds in IT returns
- Work from home job
- TDS ON ANY PURCHASE OF ANY GOODS - 393(1)
- TDS on payment to a non resident
- NSFA(National Food Security Act) commission
- RCM applicability on petty GTA freight (₹450
- Short payment reccieved in export & GST implic
- Parag Gupta vs Purushottam Aggarwal- who is best f
- GST applicability on own-vehicle goods transportat
- FAST DS Scheme 26
Related Topics :
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
CCI
Pro
CAclubindia
