Change of Proprietor + DVAT Registration Amendmen

[Asked by Guest]

My client is a Firm  having Proprietor as Mr. A, registered under DVAT Act.

 

Now the proprietor is to be changed from Mr. A to Mr. B.

 

Is it possible to do the same by filing DVAT-07?

 

I know that one way to do is to first make it a partnership Firm with Mr. B as New Partner and then dissolving it by retirement of Mr. A BUT I do not want to go for the said route.

[Anil Mehta]

Yes, it is possible by filing dvat-07 with all necessary documents for change of proprietorship.

 

What are the necessary documents?  In my case, as I have earlier stated it is the change of proprietor from A to B.. SO Do I just have to fill DVAT-07 giving change of name of proprietor in the appropriate columns  ORRRR  DO I have to:

1. Furnish a Fresh Surety also;
2. Prepare some kind of Deed showing transfer of Proprietor and if yes, what nomenclature is to given to that Deed.

What are the necessary documents?  In my case, as I have earlier stated it is the change of proprietor from A to B.. SO Do I just have to fill DVAT-07 giving change of name of proprietor in the appropriate columns  ORRRR  DO I have to:

1. Furnish a Fresh Surety also;
2. Prepare some kind of Deed showing transfer of Proprietor and if yes, what nomenclature is to given to that Deed.

[jatin minocha]

dear deepak g

u can change the proprietor by submitting dvat 07,attaching his proofs, photos,fresh surety bond & an agreement containing that the new propritor is willing to takeover the assets/liablities/sales tax/cst/tin no & all the rights & obligations as a continuor of the firm...

regards

 

AI Summary

Change of proprietor requires filing DVAT-07 with identity proofs, fresh surety and a takeover agreement.
Change of proprietor under the DVAT registration may be effected by filing DVAT-07 with supporting identity proofs and photographs of the incoming proprietor, a fresh surety bond if required, and an agreement or deed showing transfer and acceptance of assets, liabilities and tax obligations so the new proprietor continues the firm's rights and obligations.