Transfer of itc
Querist : Anonymous
one of my client has two registration under GST, one GST has ITC of Rs 6,00,000 and another GST in has zero ITC,
now my client has to close registration of old one i.e. which he has ITc of Rs 6,00,000 , it is possible to transfer the ITC of Rs 6,00,000 to the new one.
thanking you ,
harish
Expert : Anonymous
It's not possible. Bcoz, Both GSTIN in one PAN, It's treated as "Vertical Registration". As per rule vertical business registration related ITC can't inter change any way...
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