failure to reregistration or ownership transfer in sole proprietorship in case of death of proprietor

[Asked by Guest]

hello everyone.i have a query.i m from rajasthan and i want to know the penalties and provisions in case of failure to reregistration or ownership transfer in sole proprietorship firm in case of death of proprietor.

my grandfather was the sole proprietor in that firm and he died before one year but we neither reregistered anyone as a nw dealer nor we transfer the ownership in that firm and since his death our regular trading bussiness is going as usual.

so kindly provide me the rules and provision and any penlty in this particular case.

thanks

AI Summary

Registration amendment and cancellation: failure to update dealer registration after proprietor's death can lead to administrative assessment and certificate cancellation.
Under Rajasthan VAT Rule 16 the dealer or successor must apply electronically to amend or obtain branch registration (Forms VAT-05, VAT-06) or to cancel registration where business is discontinued or transferred (Form VAT-06A). The authority must, after enquiry, amend or cancel the registration and applications not disposed within the prescribed period are deemed accepted. Cancellation applications must be accompanied by returns up to the date of the event, and the assessing authority or an authorised officer will assess and cancel the certificate.