Transfer of input credit

[SARAVANAN RENGACHARY]

Dear Exports,

As per Rule 10 of CENVAT Credit Rules, transfer of input credit is allowed from one person to another subject to conditions.

Is similar provision available in GST law?.

regards

Saravanan.

[KASTURI SETHI]

Yes. Read Rules 41 and 41 A of CGST Rules.

[Ganeshan Kalyani]

Rule 41 - Transfer of credit on sale, merger, amalgamation, lease or transfer of a business.

Rule 41A. Transfer of credit on obtaining separate registration for multiple places of business within a State or Union territory.

AI Summary

Understanding GST Input Credit Transfer: Key Provisions in Rules 41 & 41A of CGST for Business Transactions A user inquired about the transfer of input credit under GST law, referencing Rule 10 of CENVAT Credit Rules. Two responses were provided. The first response confirmed that similar provisions exist under GST, specifically referencing Rules 41 and 41A of the CGST Rules. Rule 41 pertains to the transfer of credit during business transactions such as sale or merger, while Rule 41A deals with credit transfer upon obtaining separate registration for multiple business locations within a state or union territory.