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18. Information to be furnished regarding changes in business, etc. M VAT ACT

18. Information to be furnished regarding changes in business, etc.

Any registered dealer liable to pay tax under this Act, who,-

(a) transfers by way of sale or otherwise disposes of his business or any part thereof, or effects or knows of any other change in the ownership of the business or

(b) discontinues his business, or changes the place thereof, or opens a new place of business, or

(a) changes the name of his business, or

(b) enters into a partnership in regard to his business, or

(d) being a company, is involved in merger, de-merger or amalgamation of companies,

shall, within the prescribed time, inform the prescribed authority accordingly.

(2)Where any dealer liable to pay tax under this Act,—

(a) dies, his executor, administrator or other legal representative or,

(b) where he is a firm, a Hindu Undivided Family or an association of persons and there is a change in the constitution of such firm, Hindu Undivided Family or association, either by way of dissolution, disruption, partial partition or partition, or otherwise, then every person who was a partner. ⁴Karta or a member of such firm, Hindu Undivided Family or association, or

(c) transfers or otherwise disposes of his business in the circumstances mentioned in sub-section (4) of section 44, then any person from whom and every person to whom the business is so transferred,

shall, in the prescribed manner, inform the said prescribed authority of such death, change in the constitution, dissolution, partial partition. partition, disruption or transfer.

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Who We Are

GST India Solution is an effort of firm of professionals who welcome implementation of GST. This is an interactiveplatformthat aspires to disseminate right knowledge to professionals, practitioners and public at large. This platform has beenfloatedbya firm of Chartered Accountants relentlessly working in field of direct and indirect taxes since early 1985.

Goods & Service Tax

Our core competence is statutory compliance, advisory, corporate tax planning and appellate matters of direct and indirect taxesandcorporate training sessions on GST.

The senior partner of the firm has to his credit several professional publications viz., Delhi Sales Tax Right to Use Goods Act, Delhi VAT, Maharashtra VAT, West Bengal VAT, Haryana VAT published by Taxmann. Madhya Pradesh VAT and Chhattisgarh VAT were published by Suvidha Law House, Bhopal. He has also addressed seminars on indirect taxes organized by professional bodies like ICAI, IMA, NIFM etc. and has also contributed articles on subjects of pro. . . . .