Transfer of input credit


This query is : Resolved 

Quick Summary
A business owner passed away, and their legal heir is now running the business under a new GST registration. The question is whether the deceased proprietor's input tax credit (ITC) can be transferred to the legal heir using the ITC-02 form. The answer is yes, as Section 18(3) of the CGST Act, 2017 permits ITC transfer when a business is transferred.

03 July 2020 Proprietor for firm expired on 26.09.2019, from that day his business was run by his legal hair after death till date. now new gst registration has been taken in his legal hair's name, whether we can transfer input credit of deceased proprietor to his legal hair by filing itc 2 now ??

03 July 2020 Yes, you can transfer input credit of deceased proprietor to his legal hair by filing itc 2 now .

20 August 2020 sir can you provide relevent extract of law ??

20 August 2020 Section 18(3) of the CGST Act, 2017 allows the transfer of ITC where the business is being transferred.

21 August 2020 THANK YOU VERY MUCH SIR, CAN U PROVIDE DRAFT OF CA CERTIFICATE IN EXCEL ?


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