Transfer of credit on sale, merger, amalgamation, lease or transfer of a business

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..... p of business for any reason, furnish the details of sale, merger, de-merger, amalgamation, lease or transfer of business, in FORM GST ITC-02 , electronically on the common portal along with a request for transfer of unutilized input tax credit lying in his electronic credit ledger to the transferee: Provided that in the case of demerger, the input tax credit shall be apportioned in the ratio .....

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..... tronic credit ledger. (4) The inputs and capital goods so transferred shall be duly accounted for by the transferee in his books of account. ************* Notes 1. Inserted vide Notification No. 16/2019 Central Tax dated 29-03-2019 - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia .....

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