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Carry forward of itc

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T
405 Points Joined May 2019
if I sell my buisness to unrelated person and I have some itc unutilized then is it allowed to transfer that itc to that unrelated person
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On 26 August 2020 at 14:48 Report
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Kkk
1204 Points Joined February 2017
Yes allowed
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On 26 August 2020 at 15:48
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online

Finance/Compliance Consultant
61279 Points Joined June 2010
I think GST Credit and liabilities needs to be settled at the time of Closure of business and can not be transferred.
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On 26 August 2020 at 17:15
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Profession Business
28196 Points Joined May 2017
Taha you cannot set off unutilzed credit in that way.
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On 03 September 2020 at 16:58

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