What would be input tax eligibility in cases where there is a change in the constitution of a registered taxable person?

Question 10 – Draft-Bills-Reports – Input Tax Credit – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 10 – Q 10. What would be input tax eligibility in cases where there is a change in the constitution of a registered taxable person? Ans. As per section 16(8) of the MGL, the transferor shall be allowed to transfer the input tax credit that remains unutilized in its books of accounts to the transferee provided that there is a specific provision for transfer of liabilities. – Stat

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