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Change of proprietor

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(Querist)
27 November 2017 in running bussiness in gst , can proprietor change, what will the treatment of fixed assets and stock . pl explain
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
27 November 2017 First you can take new registration at new constitution of the company then transfer the all asset and liability from proprietorship unit to new unit.
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RAJA P M

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RAJA P M (Expert)
27 November 2017 Yes... I agreed to Mr Arun Kumar Singh... We can't convet the proprietor business to another person... The new person ll be take new RC and then can transfer / take over / buy the old one...
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