GST Registration In Case of business reconsturction (conversion of Firm into private limited company)
I am registered under VAT in Maharashtra .I am going to close my business business before 31.03.2017 by transfering all my assets & liabilities to private limited company.Whether I am liable for registraton under GST or I should apply for registration in the name of private limited company who will continue the business. Please guide me
GST is proposed to be implemented from 1st July 2017 and all the existing assessees are required to complete GST Migration/Registration. If you are going to close your business then, first of all, you have to obtain ( or amend) VAT registration certificate in the name of Company from your State VAT department and thereafter you have to complete GST Migration/Registration in the name of new company.