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of <h1>Gujarat Circular: ITC Transfer Allowed for Sole Proprietor's Successor; File FORM GST ITC-02 for Credit Transfer.</h1> The circular issued by the Chief Commissioner of State Tax, Gujarat, addresses the transfer of unutilized input tax credit (ITC) upon the death of a sole proprietor under the Gujarat Goods and Services Tax Act, 2017. It clarifies that the transfer of business due to the proprietor's death is recognized as a valid reason for ITC transfer. The successor must register for GST from the date of succession and can file FORM GST ITC-02 to transfer the ITC to their electronic credit ledger. The successor is also liable for any tax, interest, or penalties due from the deceased proprietor.
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