as per the section 18(3) credit will be transferred only on sale, merger, demerger, amalgamation, lease or transfer of business. if the Registered person changes the nature of business ( from one product to another , ITC will be available or NOT
26 March 2020
There is no nexus between inputs and output. The situation does not fall under "transfer of Credit". You are eligible to utilise the credit.
CAclubindia
