conversion of partnership to LLP

[satbir singhwahi]

Partnership firm converted to LLP

1.Whether PAN , TAN will remain the same ?

2.Whether existing Service tax registration requires updation ?

AI Summary

Converting a Partnership to LLP: New PAN and TAN Required, Service Tax Registration Must Be Updated. A discussion on converting a partnership firm to a Limited Liability Partnership (LLP) raises questions about the continuity of PAN and TAN numbers and the need to update service tax registration. It is clarified that a change in the firm's constitution, such as converting to an LLP, requires a new PAN and TAN, as they are considered separate entities. Service tax registration must be updated if there is a change in the firm's constitution, but not if the PAN remains unchanged. Different opinions are shared, with some suggesting only a name change is needed for the PAN.