Transfer of itc in case of inter state merger
This query is : Resolved
Rajan Bansal
(Querist)
07 December 2018
Dear Sir/Mam,
A ltd. registered in Haryana merged with B ltd. registered in Delhi. IN decalration form GST ITC 02 for transfer of ITC, both of their respective old GSTIN will be entered, but will it effect the treatment of SGST input because of transfer of all ITC from one state to another.
A ltd. registered in Haryana merged with B ltd. registered in Delhi. IN decalration form GST ITC 02 for transfer of ITC, both of their respective old GSTIN will be entered, but will it effect the treatment of SGST input because of transfer of all ITC from one state to another.
07 December 2018
Other State Transfers will be treated as Sale proceeds under GST and Tax Applicable for the such transfer...
Udaya Chandran
(Expert)
08 December 2018
You cannot transfer SGST. Only CGST & IGST can be transferred.
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