There is LLP of five partners and all the partners have their individual firm, now they want to transfer their individual
firm info LLP with all assets and liabilities, so can ITC of individual firm transfered to LLP?
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Transfer of ITC from individual to LLP
Replies (2)
Yes, ITC can be transferred from individual firms to LLP, subject to compliance with Section 18(3), Rule 41 and filing of GST ITC-02.
Yes, ITC can be transferred from individual firms to LLP, subject to compliance with Section 18(3), Rule 41 and filing of GST ITC-02.
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