TMI BlogTREATMENT OF CLOSING STOCK WHEN PARTNERSHIP IS CONVERTED TO SOLE PROPRIETORSHIPX X X X Extracts X X X X X X X X Extracts X X X X ..... TREATMENT OF CLOSING STOCK WHEN PARTNERSHIP IS CONVERTED TO SOLE PROPRIETORSHIP UNDER TWO DIFFERENT SITUATIONS : 1. WHEN THERE IS EXCESS ITC . 2. WHEN IS THERE NO EXCESS ITC . ALSO WHETHER PARTNERS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... HIP FIRM SHOULD CLEAR CLOSING STOCK BY MAKING A SALES BILL TO SOLE PROPRIETORSHIP OR IT CAN TRANSFER IT TO THE SOLE PROPRIETOR ( ONE OF THE PARTNER ) WITHOUT MAKING SALES BILL. KINDLY ADVICE ON THE A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... BOVE. - Reply By KASTURI SETHI - The Reply = See reply against Issue ID No.116073 dated 26.2.20 in this forum. - TREATMENT OF CLOSING STOCK WHEN PARTNERSHIP IS CONVERTED TO SOLE PROPRIETORSHIP - Q ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uery Started By: - MVK TAXAUDIT Dated:- 25-2-2020 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dia - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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