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ITC availability

This query is : Resolved 
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(Querist)
26 March 2020 Dear Experts,

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
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 March 2020 ITC will be available for change in product if all stocks of that product sold.
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CA Suresh Jain

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CA Suresh Jain (Expert)
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.
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