Transfer of Manufacturing Unit and accumulated ITC from one state to another
Query (Issue) Started By: – Vinay Kunte Dated:- 24-1-2019 Last Reply Date:- 13-2-2019 Goods and Services Tax – GST
Got 6 Replies
GST
We have a GST registered Manufacturing Unit in Daman and want to transfer the unit to Maharashtra. We have huge amount of ITC Accumulated due to the high Imports under Excise and also under GST.
What is the way out / procedure to be followed to enable us to transfer the ITC to the new Unit after utilising the ITC for payment of GST Payable on raw materials, finished goods and capital goods are stock transferred to new unit?
Reply By KASTURI SETHI:
The Reply:
Dear Querist, . ITC-02 has to be filled in on Common Portal
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iness is being shifted from 1 state to another under the same ownership (PAN) but to a different Registration as required under GST.
Will the provisions of Rule 41 (1) to 41(4) be applicable in case of the transfer of unit w/o transfer of liability as such under an agreement as there is no change in ownership of the Business?
Please give your valuable guidance in this respect please.
Reply By KASTURI SETHI:
The Reply:
Dear Vinay Ji,
Let me re-examine. I shall revert soon.
Reply By Vinay Kunte:
The Reply:
Dear Mr. Kasturi Sir
Can you guud ne futher in the issue?
Reply By KASTURI SETHI:
The Reply:
Dear Sh.Vinay Kunte Ji,
Pl. refer to your query dated 27.1.19(Serial No.2). When you say it is a transfer to same ownership(PAN is same
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