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...
Click here to login now
Similar Resolved Queries
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Last year TDS Claim
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- Long Term Service award taxability in hands of company
- Regarding IMS Mandatory from 1st July 2026
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
