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

Transfer of input tax credit permitted under GST by Rules 41 and 41A for business transfers and separate registrations. Transfer of input tax credit under GST is permitted where one taxable person succeeds to the business of another or where separate registrations are obtained, governed by Rules 41 and 41A of the CGST Rules. Rule 41 allows transfer of credit on sale, merger, amalgamation, lease or other transfer of a business, while Rule 41A addresses transfer when separate registrations are taken for multiple places of business, subject to the conditions and procedures in the Rules.