Unutised itc of firms under same pan
This query is : Resolved
22 July 2018
I have a firm in Delhi. I have closed it business in December and got registered another firm under same PAN in uttar Pradesh and same name. Can I utilise the ITC of old firm into new firm. If yes, how to do that...
24 July 2018
Transfer of credit is possible only in cases of sale, merger, amalgamation,lease or transfer of a business as per Section 18 of the CGST Act read with Rule 41 of the Rules.
29 July 2018
Mam, can I issue a from old firm to new firm to utilise the ITC since business assets and stock is same.
30 July 2018
Query is not clear.
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