Input tax credit transfer on multiple registrations requires electronic filing, asset-based apportionment, and transferee acceptance. A registered person obtaining separate registrations for multiple places of business may transfer unutilised input tax credit to newly registered places of business by furnishing FORM GST ITC-02A within thirty days. The transfer is to be apportioned in the ratio of the value of assets held at registration, and the transferee must accept the details on the common portal for the credit to be reflected in the transferee's electronic credit ledger.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input tax credit transfer on multiple registrations requires electronic filing, asset-based apportionment, and transferee acceptance.
A registered person obtaining separate registrations for multiple places of business may transfer unutilised input tax credit to newly registered places of business by furnishing FORM GST ITC-02A within thirty days. The transfer is to be apportioned in the ratio of the value of assets held at registration, and the transferee must accept the details on the common portal for the credit to be reflected in the transferee's electronic credit ledger.
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