Many Doubts have been raised whether it is allowed to transfer of input tax credit which remains unutilised to the transferee in case of death of the sole proprietor.
CBIC vide Circular 96/2019 has clarified that the registered person (transferor of business) can file FORM GST ITC-02 electronically on the common portal along with a request for transfer of unutilised input tax credit lying in his electronic credit ledger to the transferee.
In order to ensure uniformity in the implementation of the provisions of the law, CBIC has also clarified Procedure of filing of FORM GST ITC-02 in case of death of the sole proprietor vide Circular no. 96/2019.
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