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of <h1>Rajasthan GST Clarifies Transfer of Unutilized Input Tax Credit on Sole Proprietor's Death Under 2017 Act.</h1> The circular issued by the Government of Rajasthan provides clarification on the transfer of unutilized input tax credit in the event of the death of a sole proprietor under the Rajasthan Goods and Services Tax Act, 2017. It specifies that the transferee or successor who continues the business must register from the date of transfer or succession. The legal heirs can file for cancellation of the deceased proprietor's GST registration, citing the reason as death. The circular outlines that unutilized input tax credit can be transferred to the successor, who will also be liable for any outstanding tax, interest, or penalties of the deceased. The process involves filing FORM GST ITC-02 electronically before canceling the original registration.
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