Transfer of ownership

As per Section 22(3)of CGST Act , the ownership or business can be transfer from Mother to Son .
As per Notification 12/2017 CT (r) , such transfer of business is Exempted in GST hence no GST attracts.

Thus apply new GSTN in Son's name & provide reason for obtaining Registration choose " transfer/Succussion of Business" therein.
& surrender mother GSTN & provide reason of surrender " Change in Constitution" thereafter provide the GSTN of Son"s therein.


Note : if any balance is lying in Electronic Credit Ledger can be transfer to Son"s GSTN by filing ITC 02 .
So before surrender file ITC 02 from Mother"s GSTN & accept the same in Son's GSTN.

No need to pay tax on Stock .

Thank you sir.

you are always welcome