XYZ (Proprietor) is registered with GST.
1) Owning Sweet and Namkeen Shops and Manufacturing Factory of Sweets and Namkeen.
2) Owning Commercial Premises given on rent. On both activities XYZ is charging GST. Now, the Sweet and Namkeen activity to be converted from Proprietor to Private Limited Company and the Commercial Premises will continue to be in the name of Proprietor. What is the procedure to be followed for this changed scenario?
Guidance Sought on GST Procedure for Transitioning Sweet Business from Proprietorship to Private Limited Company A proprietor, referred to as XYZ, who owns sweet and namkeen shops, a manufacturing factory, and commercial premises, is registered under GST and charges GST on both business activities. XYZ plans to convert the sweet and namkeen business from a proprietorship to a private limited company while retaining the commercial premises under the proprietorship. The query seeks guidance on the procedure for this transition. A response indicates that the procedure has been addressed in subsequent discussions within the forum. (AI Summary)
TaxTMI 
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