Sales tax issue

Mohammed Rizwan Shaikh (Querist) 06 January 2014 This query is : Resolved
Hi Experts,

Owner of a motor parts business expired leaving behind 4 sons as his legal heirs. He had executed IRREVOCABLE POA pursuant to a WILL.

The legal heir's concern is that the SALES TAX No. which was on the proprietorship firms name will continue or the legal heir's will have get a new one? or

can they execute a partnership deed and apply for the amendment in the SALES TAX office so that they can continue the same SALES TAX No.?

Please help legal experts.

Regards,

Rizwan Shaikh

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ajay sethi (Expert) 06 January 2014
he will have to get new sales tax number as it was in name of deceased . make enquires with sales tax office

Adv.Aiyer VLV (Expert) 06 January 2014
Owner if bequeathed business, the legal heir gets the business, trademark, brand value etc.

POA is only during lifetime. That dies with the principal, as rightly pointed out by Sri Ajay sethi ji

Rajendra K Goyal (Expert) 06 January 2014
Agree that POA expires on the demise of principal. Consult your tax consultant.

Devajyoti Barman (Expert) 06 January 2014
agree with experts.

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