New GST Registration

[Kaustubh Karandikar]

XYZ (Proprietor) is converting his business from Proprietor to Private Limited Company as a ‘Going Concern’. The Private Limited Company, while making the application for new GST Registration, has to select the option under ‘Reason to obtain registration’. Which option to be selected by them? Whether ‘Transfer / Succession of Business’ or ‘Change in Constitution of Business’ or any other option? Kindly guide.

AI Summary

XYZ Plans Business Conversion to Private Limited Company: Debates Best GST Registration Option Under Legal Constraints XYZ, a proprietor, is converting their business into a Private Limited Company and seeks guidance on selecting the appropriate option for new GST registration. Options include 'Transfer / Succession of Business,' 'Change in Constitution of Business,' or 'Others.' One expert suggests choosing 'Change in Constitution of Business,' while another recommends 'Others,' citing legal constraints on conversion. A third expert advises selecting 'Transfer / Succession of Business' to claim benefits under the Act. The original inquirer concludes that 'Transfer of Business' is the most suitable choice, thanking the experts for their input.