Input tax credit transfer requires transferor to pass unutilized credit to transferee where liabilities are specifically provided for. Input tax credit on change in constitution permits the transferor to transfer unutilized input tax credit in its books of account to the transferee, ... Summary
Input tax credit transfer requires transferor to pass unutilized credit to transferee where liabilities are specifically provided for.
Input tax credit on change in constitution permits the transferor to transfer unutilized input tax credit in its books of account to the transferee, provided there is a specific provision for transfer of liabilities enabling that transfer.
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