What happens to gst credits when a proprietorship is sold

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4 Points Posted on 31 July 2018

In case of sale or transfer of a proprietoship firm what happens to GST Credits accumulated in the seller GST number

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On 31 July 2018 at 15:21 Report
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GST Practitioner
55067 Points Posted on 31 July 2018
You cannot transfer the ITC accumulated in books of seller , yes the balance in Electronic Credit Ledger can be transfer by filing ITC 02
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On 31 July 2018 at 23:33

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