https://www.taxtmi.com/forum/issue?id=113626 Where a change from proprietorship to partnership is treated as transfer of a business as a going concern, it is not a supply and attracts no immediate GST; if the change creates a new taxable person (for example, different PAN or new registration), transfers of closing stock and plant and machinery qualify as supply requiring invoices and tax, with the recipient able to claim input tax credit and the transferor able to move unutilised ITC by filing ITC-02. en-us Mon, 16 Apr 2018 14:22:19 +0530 Thu, 23 Jan 2025 15:55:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113626 Where a change from proprietorship to partnership is treated as transfer of a business as a going concern, it is not a supply and attracts no immediate GST; if the change creates a new taxable person (for example, different PAN or new registration), transfers of closing stock and plant and machinery qualify as supply requiring invoices and tax, with the recipient able to claim input tax credit and the transferor able to move unutilised ITC by filing ITC-02. Discussion-Forum GST Mon, 16 Apr 2018 14:22:19 +0530 https://www.taxtmi.com/forum/issue?id=113626