NEW FUNCTIONALITY STARTED ITC 02A

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
Replies (2)
Quick Summary
The GST Portal has launched new functionality for form ITC-02A, enabling businesses to transfer input tax credit (ITC) between different business verticals within the same state. This new feature addresses situations where registration is obtained separately for distinct business verticals. However, the transfer of ITC is contingent upon the ratio of the value of assets held by each vertical, as per Rule 41A of the CGST Act.

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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