TMI BlogClaiming of creditX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... new entity. Please let me know. - Reply By KASTURI SETHI - The Reply = 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... relief through litigation. - Reply By Prudhvi Jakkula - The Reply = Thank you very much sir - Reply By Ganeshan Kalyani - The Reply = A jurisdictional GST officer can help you out in this situation. Make an application stating the facts. - Reply By Ganeshan Kalyani - The Reply = Further, ask all your suppliers to mention new GSTIN of yours. - Reply By Ganeshan Kalyani - The Reply = Alte ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rnately, 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. - Claiming of credit - Query Started By: - Prudhvi Jakkula Dated:- 17-5-2019 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxman ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... agementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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