Is it possible to transfer VAT number from a sole proprietor to a personal liability company?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Gautham asked about 3 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered about 3 years ago

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.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Aarti Vadnerkar answered about 3 years ago

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.

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