Transfer of Manufacturing Unit and accumulated ITC from one state to another

[Vinay Kunte]

We have a GST registered Manufacturing Unit in Daman and want to transfer the unit to Maharashtra. We have huge amount of ITC Accumulated due to the high Imports under Excise and also under GST.

What is the way out / procedure to be followed to enable us to transfer the ITC to the new Unit after utilising the ITC for payment of GST Payable on raw materials, finished goods and capital goods are stock transferred to new unit?

AI Summary

Transfer of input tax credit between distinct registrations requires ITC-02 filing on the common portal under CGST rules.
The operative mechanism for transfer of unutilized input tax credit on shifting a unit inter state is electronic filing of FORM GST ITC-02 on the common portal under Rules 41(1)-41(4) of the CGST Rules. A change of registration across states under the same PAN constitutes a distinct person under Section 25(4) of the CGST Act, so the transfer to the receiving registration is covered by those provisions and the ITC-02 procedure applies.