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Issue ID : 111562
- 0 -

Stock transfer in case of death of proprietor

Date 28 Feb 2017
Replies3 Answers
Views 2914 Views
Asked By

Hello everyone ,

need prompt reply on below query

wat happen to central excise stock in case of death of proprietor , legal heir have now became the new proprietor with same company name , already changes in sales tax have been done , how it is transfer under wich section/rules , how to sales the stock

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- 0
Replied on Feb 28, 2017
1.

Legal Heir will inherit all the assets and liabilities of that firm by defalut, if he is willing to do so. For details please take help of your range superintendent of Central Excise and VATO.

- 0
Replied on Mar 1, 2017
2.

Name may be same PAN will be changed. Registration no. will be changed. Issue invoice from old invoice book to new firm, being registration no. New.

- 0
Replied on Mar 4, 2017
3.

I agree with the views of Sri Kasturi Sir. The intimation of new authorised signatory need to be submitted to VAT department.

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