Scenario: A Sole proprietor (shop owner) , wants to enter into partnership with another person . Now for MVAT registration of the firm can they use the shop act license & rent agreement which he already had in his proprietorship name, as they are going to use the same premises?
1 Replies
Susmita Dutta, CA , CPA
(CA )
(2141 Points)
Replied 04 February 2016
No, as in the Shops & Establishment license the constitution will reflect as a Proprietorship firm.
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