TaxTMI 
TaxTMI 
Dear Sir / Madam,
In the case of shifting the business (Service Industry) from one state to another what is the impact of unutilized Input Tax Credit? please note, same legal entity.
Shifting business from one state to other - GST ITC
21 Jul 2022 
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Input Tax Credit transfer: migrate accumulated ITC on business relocation by new registration and filing ITC-02.
When a same-entity service business shifts between States, the movement is treated as a transfer of business not liable to GST; the business must take registration in the new State and file form ITC-02 to transfer accumulated Input Tax Credit from the old registration to the new registration. (AI Summary)
When a same-entity service business shifts between States, the movement is treated as a transfer of business not liable to GST; the business must take registration in the new State and file form ITC-02 to transfer accumulated Input Tax Credit from the old registration to the new registration. (AI Summary)