GST REGISTRATION

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This discussion addresses the possibility of changing the owner of a proprietorship business while retaining the same GST number. Experts clarify that GST registration is PAN-based, and for a proprietorship, the business and owner share the same PAN. Therefore, a direct change of owner isn't possible. However, the business can be transferred to a new owner, but this will necessitate a new GST number.

MAHESHA R

MAHESHA R (Querist)
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26 September 2020 Dear Experts

We are having GST registration in Proprietorship, want to change owner of the proprietor is there any possibilities for retaining the same GST number for new owner

CA Kushwanth AVSR

CA Kushwanth AVSR (Expert)
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26 September 2020 GST is PAN based and in case of proprietorship, business and owner will have same PAN. So, you can't change owner of the business. However you can transfer the business to the new owner but even in that case GST number will be changed.

MAHESHA R

MAHESHA R (Querist)
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26 September 2020 Thank you for your informationsir

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