Procedure - Proprietor to Pvt. Ltd. Company

[Kaustubh Karandikar]

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?

[Shilpi Jain]

This has been replied in the subsequent issues

AI Summary

GST registration change for business transfer: procedural treatment of supplies and registrations remains unanswered in reply. A proprietor operating manufacturing/retail of sweets and namkeen and leasing commercial premises seeks GST procedural guidance to transfer the sweets and namkeen business to a private limited company while retaining rental property in the proprietor's name; both activities are GST-registered. The supplied reply contains no substantive procedure and only notes the issue was answered in subsequent forum posts without detailing steps for GST registration transfer, treatment of supplies, or documentation for change of taxable person.