22 March 2010
In case of partnership firm, if any of the partner retires or any new partner is admited. Is their is need to change the VAT registration Number ? and what are the circumstances under which the VAT registration has to be changed in case of partnership Firm (Related to Karnataka VAT system) ?
22 March 2010
Although I have been practising Punjab VAT Act 2005 and dont know much about the provisions of Karnataka VAT Act.
But to my understanding if there is any change in the constitution of the firm the same can be brought to the notice of the VAT department and the certificate of registration under VAT Act and CST act will be ammended to that effect. There is no need for new VAT or CST registration.
CAclubindia
