SGST ITC Credit transfer


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This discussion explains the process for transferring unutilised SGST Input Tax Credit (ITC) from a proprietorship to a partnership business. This is done by filing Form GST ITC-02 when the business is sold, merged, or demerged. The user also requested the format for the Chartered Accountant certificate required for this transfer.

(Querist)
05 May 2021 Pl. give procedure of SGST ITC Credit of Proprietorship Business transfer to Partnership Business

05 May 2021 In case of transfer of business by way of sale of business, merger or demerger, a registered taxpayer can transfer the input tax credit unutilised and available in his electronic credit ledger into another business by filing a declaration in Form GST ITC-02.

Devendra (Querist)
06 May 2021 Thanks for your reply Sir,
Can you send me CA certificate format for transfer of ITC-02


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