Want to Transfer ITC? Know How to File Form ITC-02 in GST Portal

Upon submission of Form GST ITC-02, details are sent to the transferee via the GST portal; upon acceptance, unutilized credits are transferred to the transferee's Electronic Credit Ledger, with the option to amend the decision until finalized by the transferor
Transfer ITC - File Form ITC-02 in GST Portal - taxscan

Form ITC-02 is the form for transferring unutilized Input Tax Credit ( ITC ) balances from one GST Identification Number ( GSTIN ) to another. This transfer is essential in situations where businesses undergo mergers, demergers, amalgamations, acquisitions, or any restructuring that requires the movement of ITC. PRE-CONDITIONS FOR FILING ITC DECLARATION IN FORM GST…

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