Claiming input tax credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 January 2019
Sir
Our Entity was operating as a partnership firm. And now it is incorporated as a private limited company. We have a huge amount of Input tax unavailed in the capacity of firm.
My question is can we claim this unavailed input tax while filing GSTR of private limited company.
Kindly address this query at the earliest.
Our Entity was operating as a partnership firm. And now it is incorporated as a private limited company. We have a huge amount of Input tax unavailed in the capacity of firm.
My question is can we claim this unavailed input tax while filing GSTR of private limited company.
Kindly address this query at the earliest.
Rajesh Kumar
(Expert)
16 January 2019
The incorporated private limited company can take over the business of the partnership firm. With this takeover, all assets and liabilities- including the ITC shall be transferred to the private limited company.
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