banner_ad

Input transfer to new

223 views 3 replies
User Avatar

514 Points Posted on 28 June 2022
i am takaing over my friend's business.i have taken gst reg.can i transfer the input balance of my friend to my new registration? pls rply thanks in advance
1 Reply Share Follow
On 28 June 2022 at 18:54 Report
Replies (3)
User Avatar

GST Consultant
15986 Points Posted on 28 June 2022

Business will have to be sold/transferred as a going concern to transfer ITC

55 Reply
On 28 June 2022 at 19:50
User Avatar

Chartered Accountant
86505 Points Posted on 28 June 2022
Yes you can transfer such ITC by filing ITC-02
814 Reply
On 28 June 2022 at 21:02
User Avatar

3145 Points Posted on 28 June 2022
By drawings (drawings is only a personal expenses of owner for his personal expenditures not for business related business expenses............suppose he wants to pay someone means that is called by cash in ledger


there is a difference is there By drawings and By cash in ledger of bank


am I correct?
2 Reply
On 28 June 2022 at 21:13


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
02 May 2026
Experience Audit Manager

AGGARWAL SAMIR & CO

New Delhi

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
01 May 2026
Chartered Accountant

Agrawal Jain & Co.

Raipur

CA

View Details
Company
27 April 2026
Senior Accountant

Jyoti K agarwal & co

Mumbai

Others

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details