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.
\nWhat 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?
\nReply By KASTURI SETHI:
\nThe Reply:
\nDear Querist, . ITC-02 has to be filled in on Common Portal<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n iness is being shifted from 1 state to another under the same ownership (PAN) but to a different Registration as required under GST. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" 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 – GSTGot 6 RepliesGSTWe have a GST registered Manufacturing Unit in Daman and want to transfer the unit to Maharashtra. We have huge amount of ITC … Continue reading “Transfer of Manufacturing Unit and accumulated ITC from one state to another”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-16319","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/16319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16319"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/16319\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nWill 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?
\nPlease give your valuable guidance in this respect please.
\nReply By KASTURI SETHI:
\nThe Reply:
\nDear Vinay Ji,
\n Let me re-examine. I shall revert soon.
\nReply By Vinay Kunte:
\nThe Reply:
\nDear Mr. Kasturi Sir
\nCan you guud ne futher in the issue?
\nReply By KASTURI SETHI:
\nThe Reply:
\nDear Sh.Vinay Kunte Ji,
\nPl. refer to your query dated 27.1.19(Serial No.2). When you say it is a transfer to same ownership(PAN is same<\/p>\n
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