New functionality stared on GST Portal ITC 02A.
Registration can be obtained in Single state due to different business vertical, Now to transfer ITC from one vertical to other the form ITC 02A can used.
for more clarification kindly refer Rule 41A of CGST Act
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NEW FUNCTIONALITY STARTED ITC 02A
Replies (2)
Quick Summary
Yes. This is a very good move for the businesses.
Yes , but Transfer of ITC is subject to Ratio of value Asset held by them
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