conversion

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 August 2010 A registered partnership firm (i.e. registered under service tax) has been converted into private ltd, company. What should be done for service tax due to such conversion?

CA Sanat Pyne

CA Sanat Pyne (Expert)
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02 August 2010 First of all the partnership firm should surrender the registration certificate and the newly incorporated company should apply for fresh registration in Form No. ST-1 within the stipulated period of 30 days. However, such registration is required only if the company provides any taxable service or is liable to pay service tax on reverse charges In order to surrender old registration certificate, all dues should be cleared and return should be submitted.