Hello,
I have a proprietor ship say 'Yash Enterprises'. I now want to convert it into a partnership firm and change the name to say 'Joint Enterprises'.
1) Now what should be the procedure? Should the status be changed first or the name or both together? How?
2) I do not want to change the Maharashtra VAT no. In other words, my existing VAT no. for 'Yash Enterprises' should continue in 'Joint Enterprises'. Is this possible? If yes, what is the procedure?
Cancellation of Registration:
The registration is liable for cancellation in any of the following circumstances:
i Permanent discontinuance of business
ii Disposal of the business
iii Transfer of a business to new location
iv. Annual turnover following below specified limit
v. Dealer fails to furnos te security or has committed fraud/ misrepresentation of fact.
Since you are entering in to the partnership firm from the porperitorship ther is change in the business entity all together. Hence you have to apply for fresh VAT no.
Regards
Yes the VAT no. will change but won't the the Registration remain the same which means when we apply for Change of Entity STatus to MVAT Department the old no. will be automatically cancelled and the new no. be replaced? Also, the assessee won't have to pay the deposit of Rs.25000 and fee of Rs.5000(for voluntary registration).
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