banner_ad

Balance c/f of input tax

VAT (Legacy) 789 views 1 replies

Dear Experts,

Recently our unit (located in AP) name has been changed under Slump Exchange agreement between our 2 group of companies. In this connection we have registered our unit as a fresh AP VAT no. but as per exchange agreement all the Assets , Liabilities and transactions of the entity will be carry forward as ususal. even any statutory dues/liabilities/penalities arise in future also transfered to the new enitty.

We have some balance amount of Input tax credit in the existing name.  Now we need to take the same ITC balance in to the new entity. Kindly advise the procedure and correctness of the transaction.

Replies (1)

yes. u can caryyforward and u can avail the input.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details