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<h1>Transfer of Input Tax Credit in Business Restructuring under Section 18(3) of GST Act Explained</h1> Form GST ITC-02 pertains to the transfer of Input Tax Credit (ITC) in events such as sale, merger, demerger, amalgamation, lease, or business transfer under Section 18(3) of the GST Act. This form facilitates the declaration required for the transfer of ITC from one entity to another, ensuring compliance with statutory provisions. It is part of the GST Input Tax Credit Final Draft Rules issued on May 18, 2017, governing the procedural aspects of ITC transfer in specified business restructuring scenarios.