Conversion of proprietary firm to pvt. ltd. company

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archana shah (Querist)
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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.

CA VISHAL RANA,CS,B.Com,AMFI

CA VISHAL RANA,CS,B.Com,AMFI (Expert)
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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

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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.

archana shah

archana shah (Querist)
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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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