Transfer of stock in New firm

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30 Points Posted on 21 January 2023
sir I want to surrender GST NUMBER and transfer my stock to another new firm, what should I do
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On 21 January 2023 at 14:32 Report
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Quick Summary
If you need to surrender your GST number and transfer stock to a new business, you'll need to cancel your existing GST registration and file a final GSTR 10 return. You can then transfer any remaining Input Tax Credit (ITC) balance to your new firm using the ITC 02 form before starting a fresh registration.

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Student CA Final
422 Points Posted on 21 January 2023
Hi Sir,

You can apply for Cancellation of GST registration and file GSTR 10. Further you may transfer itc balance to new firm by filing ITC 02 form.

Hope this helps

Thanks
Bhavana K L
Chartered Accountant
Bhavana @ lbkca.in
1 Reply
On 21 January 2023 at 23:49
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Profession Business
28246 Points Posted on 23 January 2023
Cancellation of the old gst registration.
start afresh registration.
transfer the stock and filereturns.
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On 23 January 2023 at 10:17

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