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Claiming of credit, Goods and Services Tax - GST

Issue Id: - 114974
Dated: 17-5-2019
By:- Prudhvi Jakkula
Claiming of credit

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Dear experts,

I merged my business with another entity and my business was closed on 31st march 2019. So i filed ITC-02 to transfer all my GST credit to the new entity.

Problem is, now i am receiving old bills for my old gst number. Can i transfer this credit to my new entity. New entity has got more sales and liability is huge. So i require that input. How can i transfer this credit to my new entity.

Please let me know.

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Showing Replies 1 to 5 of 5 Records

1 Dated: 17-5-2019
By:- KASTURI SETHI

Once you have filed ITC-02 and now if you file again, the Common Portal System will not allow you. However, if a huge amount of credit is involved you should make efforts through the jurisdictional GST Range Officer. Apply manually. As per Section 18 (3) of CGST Act, you must get your substantive right. You may get relief through litigation.


2 Dated: 17-5-2019
By:- Prudhvi Jakkula

Thank you very much sir


3 Dated: 17-5-2019
By:- Ganeshan Kalyani

A jurisdictional GST officer can help you out in this situation. Make an application stating the facts.


4 Dated: 17-5-2019
By:- Ganeshan Kalyani

Further, ask all your suppliers to mention new GSTIN of yours.


5 Dated: 17-5-2019
By:- Ganeshan Kalyani

Alternately, you can request your vendors to cancel the invoice and issue new invoice with the new GSTIN and also request them to file GSTR-1 with new GSTIN.


1

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