Home Forum Goods and Services Tax - GST Month 8 2019 2019 (8) This
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GST registration status and Balance in ECL in case of merger - Goods and Services Tax - GSTExtract Dear Experts, Please clarify the following points. 1. A partnership firm namely X is taken by a Private Limited Company Y as going concern by taking of business assets and liabilities of X. Both are in different states. After merger/taking over, X will be working in the place where it is already there in the name of X (a unit of Y ). 2. What will be GST registration status. What X to do ? To surrender or to amend ?? At what stage this is to be done ??? According to me GST number will be changed and it will be in PAN based of Y. 3. How the closing balance in Electronic ledger can be transferred to buyer's company ledger. We shall be highly obliged if you could kindly clarify the above please.
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