GST – Started By: – vaishali raveshiya – Dated:- 28-2-2019 Last Replied Date:- 2-3-2019 – Respected members,kindly guide me how to deal with in regards to following matter in Income Tax and GST?A business is carried on in the name of mother will be taken over by/ transfer to her son.What procedure to be followed in GST,whether GST is payable ot it is exempt under entry 2 of exemption list?When to take new GST registration no, before surrender of registration no taken in the name of mother or after cancellation of it?Whether ITC can be claimed on closing stoch after transfer of business??Whats other impact in GST and Income Tax?? – Reply By KASTURI SETHI – The Reply = 1. You are required to apply for cancellation of registration in Form REG
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