What is the proceedure and what are the consequences of converting a proprietory concern into partnership firm under MVAT?
1 Replies
Pankaj Arora
(Learner)
(3134 Points)
Replied 06 April 2011
If prop firm having any mvat liability than it will be transfer into partnership firm... file return for assessment as soon as assesment complete from sales tax office end surrender your TIN NO. and obtain new TIN NO. in partnership firm name....
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