https://www.taxtmi.com/forum/issue?id=113716 Converting a partnership composition dealer to a proprietorship requires surrender of the partnership's GST registration and obtaining a fresh registration for the proprietorship, with a new choice whether to opt for the composition scheme. Though transfer of a business as a whole may be exempt and unutilised ITC can transfer in some restructurings, a composition dealer cannot claim ITC; charging GST on closing stock risks double taxation if the proprietorship also remains under the composition scheme. en-us Tue, 08 May 2018 21:05:36 +0530 Thu, 23 Jan 2025 15:55:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113716 Converting a partnership composition dealer to a proprietorship requires surrender of the partnership's GST registration and obtaining a fresh registration for the proprietorship, with a new choice whether to opt for the composition scheme. Though transfer of a business as a whole may be exempt and unutilised ITC can transfer in some restructurings, a composition dealer cannot claim ITC; charging GST on closing stock risks double taxation if the proprietorship also remains under the composition scheme. Discussion-Forum GST Tue, 08 May 2018 21:05:36 +0530 https://www.taxtmi.com/forum/issue?id=113716