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NEW FUNCTIONALITY STARTED ITC 02A


Pankaj Rawat (GST Practitioner)     26 May 2020

Pankaj Rawat
GST Practitioner 
 3602 likes  48856 points

| My Other Post

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

avater

Asha Kanta Sharma (Manager - Finance & Accounts)     28 May 2020

Asha Kanta Sharma
Manager - Finance & Accounts 
 152 likes  6465 points

View Profile | My Other Post

Yes. This is a very good move for the businesses. 

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Pankaj Rawat (GST Practitioner)     30 May 2020

Pankaj Rawat
GST Practitioner 
 3602 likes  48856 points

View Profile | My Other Post

Yes , but Transfer of ITC is subject to Ratio of value Asset held by them


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