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of <h1>Guidelines for Transferring Unused ITC After Sole Proprietor's Death Under CGST Act 2017: Key Procedures & Forms.</h1> The circular clarifies the procedure for transferring unutilized input tax credit (ITC) in the event of the death of a sole proprietor under the Central Goods and Services Tax Act, 2017. It specifies that the transferee or successor must register from the date of transfer and file FORM GST REG-01, citing 'death of the proprietor' as the reason. The legal heirs can apply for cancellation of the deceased's registration using FORM GST REG-16. The unutilized ITC can be transferred to the successor via FORM GST ITC-02, which must be submitted before canceling the registration. Both transferor and transferee are jointly liable for any outstanding tax liabilities.
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