Transfer of input credit
This query is : Resolved
Quick Summary
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 ??
CA R SEETHARAMAN
(Expert)
03 July 2020
Yes, you can transfer input credit of deceased proprietor to his legal hair by filing itc 2 now .
CA R SEETHARAMAN
(Expert)
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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