https://www.taxtmi.com/article/detailed?id=10839 Legal heirs of a deceased proprietor may either discontinue or continue the proprietorship. On discontinuance, heirs must become authorized signatories, prove heirship, apply for cancellation within thirty days, pay tax equivalent to the higher of ITC on closing stock/capital goods or output tax on such goods, file GSTR 10, and electronic ITC will lapse; heirs' liability for post death GST claims is limited to the estate. On continuance, heirs must obtain fresh registration, transfer ITC via ITC 02, cancel the deceased's registration and file GSTR 10 with no requirement to reverse ITC on inputs and capital goods transferred as part of the going concern; liability for pre death GST remains fully enforceable against heirs. en-us Mon, 28 Nov 2022 15:00:15 +0530 Mon, 28 Nov 2022 15:00:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10839 Legal heirs of a deceased proprietor may either discontinue or continue the proprietorship. On discontinuance, heirs must become authorized signatories, prove heirship, apply for cancellation within thirty days, pay tax equivalent to the higher of ITC on closing stock/capital goods or output tax on such goods, file GSTR 10, and electronic ITC will lapse; heirs' liability for post death GST claims is limited to the estate. On continuance, heirs must obtain fresh registration, transfer ITC via ITC 02, cancel the deceased's registration and file GSTR 10 with no requirement to reverse ITC on inputs and capital goods transferred as part of the going concern; liability for pre death GST remains fully enforceable against heirs. Articles Goods and Services Tax - GST Mon, 28 Nov 2022 15:00:15 +0530 https://www.taxtmi.com/article/detailed?id=10839