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Conversion from Proprietor to Pvt. Ltd. Company, Goods and Services Tax - GST

Issue Id: - 116598
Dated: 4-8-2020
By:- Kaustubh Karandikar
Conversion from Proprietor to Pvt. Ltd. Company

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XYZ is a proprietory concern. The said concern they want to convert it to Private Limited firm. The present proprietor will remain as one of the directors and few more directors might get added in the new private limited firm. 1) What are the formalities to be observed by XYZ for complying with the GST provisions while carrying out the above conversion?

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Showing Replies 1 to 3 of 3 Records

1 Dated: 4-8-2020

2 Dated: 4-8-2020
By:- Kaustubh Karandikar

Sir, thanks for your quick guidance. but what i need is compliance / liability for XYZ with regard to GST for such conversion.

3 Dated: 5-8-2020
By:- Mahir S


Pls refer rule 27 and 41 of CGST Rules and also Section 18 (3) of CGST Act.

As the proprietorship is to be converted into an Pvt Ltd , a new PAN has to be applied for. Further, due to the new PAN, a fresh GST registration needs to be obtained.

Also, the GST registration of the old entity needs to be canceled.


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