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

ITC-02 filing: portal may accept multiple submissions, but law contemplates a single transfer of ITC balance on filing.
The GST portal may accept multiple submissions of ITC-02, but the statutory mechanism contemplates a single transfer event: ITC-02 is intended to transfer the ITC balance on the date of filing in respect of a transfer or merger such as conversion of an LLP into a company.