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Can we transfer or claim refund of Input tax credit of deceased proprietary business

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This query is : Resolved

Venkateshwarlu Pulluri (Querist)

05 February 2025 can we transfer or claim refund of Input tax credit of deceased proprietary business, actually this case is a lodge installed by ACs and other electrical transformers etc. (ITC claimed) and GST paying on rental income on running of lodge, all of sudden the proprietor demised, there is input tax credit in the business Her son is taken over the charge of said business, can we transfer said ITC to him and what is the process

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

06 February 2025 This can be done by filling out Form GST REG-01, where the application must state “death of the proprietor” as the reason for registering. This filing is essential as it creates the successor's legal position to claim the ITC. Once the successor has gotten GST registration, the next step is to file Form GST ITC-02.

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