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of <h1>Transferor must e-file FORM GST ITC-02 and provide CA/Cost Accountant certificate; transferee must accept and record credit</h1> On sale, merger, de-merger, amalgamation, lease or any transfer/change of business ownership, the transferor must electronically file FORM GST ITC-02 to request transfer of unutilized input tax credit to the transferee; in de-mergers credit is apportioned by the value of assets. The transferor must also supply a practising chartered or cost accountant's certificate confirming the transfer includes provision for liabilities. The transferee must accept the filed details on the portal to have the specified credit credited to its electronic ledger and must record the transferred inputs and capital goods in its books.
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