Input tax credit transfer allowed to a successor entity where constitution changes, subject to transfer of liabilities provision. Unutilized input tax credit in the electronic credit ledger may be transferred to the new entity upon change in constitution only where there is a ... Summary
Input tax credit transfer allowed to a successor entity where constitution changes, subject to transfer of liabilities provision.
Unutilized input tax credit in the electronic credit ledger may be transferred to the new entity upon change in constitution only where there is a specific provision permitting transfer of liabilities, making the transfer contingent on an explicit basis for successor liability.
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