https://www.taxtmi.com/forum/issue?id=116073 Conversion of a proprietorship into a partnership with GSTIN cancellation due to PAN change is treated as a transfer of going concern; no reversal of input tax credit on stock (inputs, capital goods, WIP) and no need to invoice stock to nil. Parties must complete the prescribed ITC transfer form certified by a chartered accountant, upload it to the common portal, and obtain the transferee's acceptance, in accordance with CGST procedural provisions and the exemption framework for transfers of going concerns. en-us Wed, 26 Feb 2020 20:54:48 +0530 Thu, 23 Jan 2025 15:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116073 Conversion of a proprietorship into a partnership with GSTIN cancellation due to PAN change is treated as a transfer of going concern; no reversal of input tax credit on stock (inputs, capital goods, WIP) and no need to invoice stock to nil. Parties must complete the prescribed ITC transfer form certified by a chartered accountant, upload it to the common portal, and obtain the transferee's acceptance, in accordance with CGST procedural provisions and the exemption framework for transfers of going concerns. Discussion-Forum GST Wed, 26 Feb 2020 20:54:48 +0530 https://www.taxtmi.com/forum/issue?id=116073