Quick Answer: Can We Change GST Name?

Can you have 2 GST numbers?

GST Registration is PAN based & state specific, however more than one GSTIN can be obtained in a single state or union territory if a person carries on multiple business verticals or having multiple branches within the state or union territory as the case may be..

Can we transfer proprietorship?

Business assets and liabilities of a sole proprietorship are personally owned by the sole proprietor, not by a separate business entity. The sole proprietor can transfer his business by selling its tangible and intangible assets; thereby, transferring the responsibility of running the business to a new owner.

Can I change proprietor in GST?

You can’t just change the proprietor. You need to surrender the existing GSTIN and apply for a fresh GSTIN for the new proprietor.

How do I transfer my business from father to son?

Options for Transfer The three main ways in which a business can be transferred to a family member is as a gift, through a sale, or through a partial sale. You might think that a sale would always be the obvious choice because you can make money that way.

How can I add GST to another branch?

An application to modify GST registration certificate is made to add branch address. The change will fall under core field amendments, the window for which is open now. The application will be made in form GST REG-14.

Can I change bank account GST?

Bank Account details is a Non-Core Field and can be amended from the taxpayer’s account on the GST Portal.

Can two businesses have one GST?

The firms having branches or multiple business verticals can choose to add multiple businesses under a corresponding GST number. … Instead, you can have one GST for multiple business types.

Is bank account mandatory for GST registration?

Bank account details can be added later vide amendment of non-core field. Therefore, Current Account is not compulsory for GST Registration. And, you can use either saving account or Current account to register for GST in India.

How can I change my mobile number in GST?

Step 1: Log in to the GST portal and go to Services -> Registration -> Amendment of Registration Non-core Fields. Step 2: Go to the authorised signatory tab. Click on the ‘Add new’ button. Step 3: Enter the details of the new authorised signatory whose email address and mobile number you wish to use.

Can a person have more than one GST number?

More than one GSTIN can be obtained only if a person carries business in two or more States or Union Territories or. Carries the registration process as multiple business verticals in a single State or Union Territory as the case may be. For only one vertical, only one GST registration is possible.

Can I get 2 GST number on same address?

They are entitled to get separate GST registration from the same address. … The Authority held that there is no prohibition in the GST Act for obtaining registration in a shared office space or virtual office, if the landlord permits such sub leasing as per the agreement.

Can we change GST number?

As per GST Law, the registration granted to any person is permanent. The said GST registration number in India does not change periodically. … A fresh GST registration number may be obtained if necessary as per the terms and conditions of GST Law, if you are liable to be registered under GST Law in India.

Can GST be transferred?

All the companies transferring their business under GST will need to furnish the particulars in the form GST ITC-02 through the common portal along with a request for transferring the unutilized input tax credit to the electronic credit ledger of the transferee.

Can a proprietor be changed?

A solo proprietorship cannot be sold or transferred in the same way that other business entities can be sold. According to LegalZoom, a sole proprietorship changes ownership when you transfer or sell all assets associated with the business.

Can we transfer ITC from one GST to another?

Update the GSTIN of the transferee and enter the amount to be transferred under each major head. The Form GST ITC-02 will open up and the amount of unutilised ITC will get auto-populated in the form from the electronic credit ledger. The transferor can transfer the entire amount or partial ITC, as the case may be.

The existing GST registration can be amended to reflect the new business name. Changes to business name can be updated on the GST portal by filing FORM GST REG-14 within 15 days of change of business name. … On approval, the amendment would take effect from the date of occurrence of the event warranting the amendment.

How do I change my GST proprietor name?

The legal heir of the dead sole proprietor will be required to give application for cancellation of the existing registration. The GST Identification Number, GSTIN of transferee to whom the business has been transferred is also required to be mentioned to link the GSTIN of the transferor with the GSTIN of transferee.