Conversion of proprietary firm to pvt. ltd. company
This query is : Resolved
24 October 2011
If the Proprietary Firm gets converted into pvt. ltd. co. by incorporating a new pvt. ltd. company by incorporating a clause that "mainly the co. is formed to takeover the business of pro. firm"
then whether we have to surrender the sales tax/service tax registration no.of Pro. firm and apply for new sales tax/service tax registration no. for the newly incorporated pvt. co. or we have to apply for change in sales tax/service tax registration no. along with the necessary proofs of such conversion.
then whether we have to surrender the sales tax/service tax registration no.of Pro. firm and apply for new sales tax/service tax registration no. for the newly incorporated pvt. co. or we have to apply for change in sales tax/service tax registration no. along with the necessary proofs of such conversion.
24 October 2011
private company is seprate legal entity....you are required to take new PAN,Sale Tax,Service tax no. in the name of company
24 October 2011
Procedure depends on the concerned VAT law. For eg in Kerala State, fresh registration is mandatory in such cases.
However for Service tax , fresh registration is mandatory irrespective of the state to which the entity belongs.
However for Service tax , fresh registration is mandatory irrespective of the state to which the entity belongs.
24 October 2011
Thanks to both of you for prompt reply but whats about the fixed property of the Prop. Firm
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