FORM GST ITC- 02

[SUDHIRKUMAR SHAH]

Can ITC 02 can be filed more than once.. to transfer ITC received in subsequent period after filing ITC 02 after conversion of LLP to Company.

Section 18 read with rule 41.

Is it technically possible to file on GST Portal.

[Shilpi Jain]

At the portal it is possible to file ITC-02 more than once.

However, in my view, as per the provisions it has to be filed only once for one transfer/merger ,etc. of business.

The provision clearly brings out that the ITC balance on the date of filing the ITC-02 has to be transferred.

[Ganeshan Kalyani]

I agree with the view of the expert.

AI Summary

Clarification on Filing FORM GST ITC-02: Experts Advise Single Filing for LLP to Company ITC Transfer A user inquired whether FORM GST ITC-02 can be filed multiple times to transfer Input Tax Credit (ITC) received after the initial filing, following the conversion of an LLP to a company. An expert responded that while it is technically possible to file ITC-02 multiple times on the GST portal, the provisions suggest it should be filed only once for a single transfer or merger. Another participant agreed with this interpretation, emphasizing that the ITC balance on the filing date should be transferred.