Vat

Dear Experts,

Kindly understand the situation..

My father is a manufacturer of electric motor, he is doing business since 15 years, Now my brother is handing over of my father business.

But there is problem that my brother is married and living seperate from us i.e. from my father, mother and me i.e. unmarried sister.

He is saying that he wants seperation from us, and doing same business with father co. issuing same invoice and also receiving invoice in the name of my papa co. only.

he is also saying that all the sale made in the co. since he was working will was his profit and all money will collect he only.

he is also saying that he is not going to give any amt for VAT also, this is going since 1 yr. and my father burden goes up and up.

wheneve my father is saying that we have to make payment of VAT, he is saying this is not my liability, u think, u have spent money.

nd my father spent money no where, my mother is not fit all the time, she had operatin 3-4 times and very weak in fitness.

today i said my papa, to cancel the VAT registration and do business as unregistered as he is selling very less quantity.

 

here my father asked two Q:-

 

Is there any possibility that my father proprietriship transferred to my brother? (as my brother has no legal residence place, and there may be cause to again negative impact if my father gives any residence place as guardiner)

&

what is the consequences if we cancelled our TIN now? what is the procedure and should we have to pay VAT before cancelation?

 

And how to get free from my brother mentally torture peacefully? 

I have only this spot (ca club) that i can get correct direction to take step forward.

Its real fact, 

Please advice..

Replies (3)

Possibility is their., Your father can transfer the properitorship to your brother., relating to cancellation of TIN ., If you not interested to run the business you can cancel the TIN., but you and your family interested to run the business., you can continue the TIN no if you run the business., 

Dear Meenu,

 To cancel the TIN number, you will have to give an application in the Sales Tax Office Registration Branch for the cancellation of the TIN number. You will have to pay all taxes (VAT/CST), file the returns and also surrender the registration certificates.

 

I need a help,

actually we are starting a startup which will be selling customizable tshirts online and for this we firstly making the t shirts and then selling it online.

We got a ecommerce LLP done for this but do we need any extra registration in state like shop and establishment act etc. where we are going to make tshirts from fabrics.? and how a llp should aply for VAT and CST?

 

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