{"id":17045,"date":"2019-02-28T11:59:35","date_gmt":"2019-02-28T06:29:35","guid":{"rendered":""},"modified":"2019-02-28T11:59:35","modified_gmt":"2019-02-28T06:29:35","slug":"transfer-of-proprietorship-business-from-mother-to-son","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=17045","title":{"rendered":"Transfer of proprietorship business from Mother to Son"},"content":{"rendered":"<p>Transfer of proprietorship business from Mother to Son<br \/> Query (Issue) Started By: &#8211; vaishali raveshiya Dated:- 28-2-2019 Last Reply Date:- 2-3-2019 Goods and Services Tax &#8211; GST<br \/>Got 2 Replies<br \/>GST<br \/>Respected members,<br \/>\nkindly guide me how to deal with in regards to following matter in Income Tax and GST?<br \/>\nA business is carried on in the name of mother will be taken over by\/ transfer to her son.<br \/>\nWhat procedure to be followed in GST,<br \/>\nwhether GST is payable ot it is exempt under entry 2 of exemption list?<br \/>\nWhen to take new GST registration no, before surrender of registration no taken in the name of mother or after cancellation of it?<br \/>\nWhether ITC can be claimed on closing stoch after transfer of business??<br \/>\nWhats other impact in GST<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/forum\/issue?id=114696\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Transfer of proprietorship business from Mother to Son Query (Issue) Started By: &#8211; vaishali raveshiya Dated:- 28-2-2019 Last Reply Date:- 2-3-2019 Goods and Services Tax &#8211; GSTGot 2 RepliesGSTRespected 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 &hellip; <a href=\"https:\/\/goodsandservicetax.in\/GST\/?p=17045\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Transfer of proprietorship business from Mother to Son&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-17045","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/17045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17045"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/17045\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}