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.

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.