Cancellation and ITC Transfer

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This discussion addresses how to handle a GST registration when a business owner needs to change their legal name. It clarifies that a direct name change on an existing GST registration isn't possible. Instead, the process involves cancelling the current GST registration and then transferring the Input Tax Credit (ITC) to a new, newly registered entity using the GSTR-ITC-02 form.

SUMIT SAGAR

SUMIT SAGAR (Querist)
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15 January 2024 Queries
1.Whether i can change LEGAL name (Owner name) in GST Registration as on today ?
2.If No, what is the process of cancelling the GST Registration ?
3.How can we transfer the ITC of this GST registration to New GST Registered entity ? what will be the process ?

Please guide and advise.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 January 2024 1 No.
2 How can I file for cancellation of GST registration?
Visit the URL: https://www.gst.gov.in.
Login to the GST Portal with your user-ID and password.
Navigate to the Services > Registration > Application for Cancellation of Registration option.
The form - Application for Cancellation of Registration contains three tabs.
3 ITC can be transferred in case of transfer of business through GSTR ITC 02.

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SUMIT SAGAR

SUMIT SAGAR (Querist)
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27 January 2024 Thank You Sir for the earliest reply.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 January 2024 You are welcome...
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