Goods and Services Tax - Started By: - DINESH TIWARI - Dated:- 16-4-2018 Last Replied Date:- 8-5-2018 - SirIf i change a proprietorship business into the partnership business under GST; there is neither change in Place of Business nor any Closing Stock or Plant and Machinery moved from their places. So i want to ask that, is there any immediate liability of GST on Plant and machinery and Closing Stock imposes on previous firm.Please guide me on it. - Reply By YAGAY AND SUN - The Reply = going concern does not attract taxes. - Reply By Ganeshan Kalyani - The Reply = GST is PAN based. If PAN is same then there is no change liability . - Reply By KASTURI SETHI - The Reply = Change of proprietorship into partnership mean a new entity and afresh registration is required under GST. PAN will be changed. Stock whatever including plant and machinery though remain in the same premises will qualify to the definition of 'supply'. Such transfe/disposal requires invoice and payment of tax f

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