GST issues on Merger, Goods and Services Tax - GST

[Kaustubh Karandikar]

‘Company A’ having 100% shareholding in ‘Company B’. Merger of B into A is being carried out. After the merger, B will be closed and only A will exist. The trade name of B will continue to be used as it is known by various customers and suppliers. 1) Will the company need to apply for a new GST registration number? 2) If yes, before or after the merger? 3) IGST refund pending on export sales already made by paying IGST – how will this be transferred to A? 4) Transfer of running balances of GST credit after merger – how will this be transferred to A?

Posts / Replies

[Alkesh Jani]

Sir,

In this regards, Please refer Rule 41 of CGST Rules, 2017, which are self explanatory in nature.

Thanks

With Regards