Gautham
asked
0
0
Answer Now
Comment
Report
2
Answers
veeru
answered
The company is a new “person” for VAT purposes and it is our opinion that the VAT Act does not provide for the transfer of a VAT number from one person to another.
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below –
For any questions Request A Call Back
Aarti Vadnerkar
answered
Dear, As per my opinion
The company is a new “person” for VAT purposes and it is our opinion that the VAT Act does not provide for the transfer of a VAT number from one person to another. The company would have to do a new registration and as the sole proprietor will be conducting the enterprise in the company, he may have to deregister for VAT once the business has been transferred to the company, which subject to meeting all the requirements could be done as a going concern.
