Upon Company Amalgamaton - GST Procedure & Return filing

[venkataraman swaminathan]

Dear Sir we are having Limited Co's A, B , C , D & E at Chennai.(all ar

Good Evening

e having T.Nadu GSTN)

The company E wants to take over all the A,B,C,D 4 Co's by Amalgamation Order and the process is going on & likely to be w.e.f. 01.04.2020.as per Court's Order. All co's are under GST registration and TTO > 10 Crores per annum. & regular Return filing completed for all Returns upto date,& 9 / 9C Filed for 2017-18 . Request guidance for the following doubts/querry.

1. For the Co's A , B,C,D can we surrender GST Registration , after the addition of these

premises in the Co's E GST Registration as additional Place of business by amending the Registration Application of Company E .

2. how to file GSTR-9 and 9C Annual return for these 4 Co's A,.B,C,D for the FY 2018-19 and 2019-20 after the amalgamation process. (say - take over from 1.4.20)

3. Is it necessary to file GSTR-1 and GSTR-3B as NIL return ,up to the time of completion of filing of GSTR-9 /9C for 2 years 19-20 & 20-21.

4. can we file GSTR-10 for Co's A,B,C,D and in which time/ date we need to file.GSTR-10?

5. all these co's are manufacturing automobile components on job work basis from

the customer supplied materials & our t.o. is only Job charges . In these circumstance is it necessary to file any stock declaration to Dept' .

6. IF any ITC Credit in these 4 Co's can we transfer the Pending Credit of Electronic credit ledger amount by ITC 02 to the co' E .(transfer of credit )

Request suitable guidance please.

Thanks

V swaminathan

AI Summary

Guidance on GST Procedures Post-Amalgamation: Surrender Registrations, File GSTR-10, Transfer ITC Credits, No Stock Declaration Needed A company in Chennai is undergoing an amalgamation where Company E will take over Companies A, B, C, and D, effective April 1, 2020. The query seeks guidance on GST procedures post-amalgamation, including surrendering GST registrations for the absorbed companies, filing annual returns for fiscal years 2018-19 and 2019-20, and transferring ITC credits. The response clarifies that GST registrations can be surrendered, and outlines the process for filing final returns and transferring ITC credits. It also specifies that GSTR-10 must be filed within three months of cancellation and that no stock declaration is necessary for job work components.