GST – Started By: – Vinay Kunte – Dated:- 24-1-2019 Last Replied Date:- 13-2-2019 – 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 System.Procedure has been laid down under Rules 41(1), 41(2), 41(3) & 41(4) CGST Rules, 2017 – Reply By Vinay Kunte – The Reply = Dear
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l 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 SirCan 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) but to a different registration, so a person having a different registration under same PAN in an other State is a distinct person as p
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