• Partnership dissolution

Hi,

I want to dissolve partnership firm which was created for online retail business . 

Please send me quotes for company closure. 

I think this will include following activities : Please add if i have missed any activity 
1. Pan card surrender 
2. GST surrender (Punjab and Telangana) 
3. GST refund (if applicable)
Asked 6 years ago in GST

Have you done any business under this PAN or GST number?

 

If no then it will be an easy task otherwise we need to first find the liability, pay any liability and then we can surrender.

 

Capital gain will also be charged at the time of dissolution of such partnership firm.

 

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

 

Thank you.

Naman Maloo
CA, Jaipur
4303 Answers
101 Consultations

Hi,

It includes only these activities but subject to the following conditions.

- For PAN surrender, you need to submit audited balance sheet till the date of dissolution and obtain NOC from the department.

- For GST, if there is any stock on which ITC was availed then you need to either pay ITC or GST on stock whichever is higher.

 

Thanks 

Vivek Kumar Arora
CA, Delhi
5008 Answers
1134 Consultations

Hi,

 

Hope you are doing well !!

 

There are lots of things involved in partnership dissolution.

 

We will discuss the quotation over call.

 

 

Payal Chhajed
CA, Mumbai
5189 Answers
302 Consultations

Hi,

 

We are based out of Mumbai and hence will not be able to help you in above activities.

 

It's better if you hire a local CA.

Lakshita Bhandari
CA, Mumbai
5687 Answers
942 Consultations

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