Cancellation of registration requires electronic application with inventory and liability details; successor may receive transferred ITC upon acceptance. Cancellation of registration must be applied for electronically in Form GST REG-16 with details of inputs, goods and capital goods held on the effective date and related liabilities and payments. For transfers on death or change of ownership, the registered person must file Form GST ITC-02 before seeking cancellation to permit transfer of specified unutilized input tax credit to the transferee on acceptance, who remains liable for the transferor's tax, interest and penalties.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cancellation of registration requires electronic application with inventory and liability details; successor may receive transferred ITC upon acceptance.
Cancellation of registration must be applied for electronically in Form GST REG-16 with details of inputs, goods and capital goods held on the effective date and related liabilities and payments. For transfers on death or change of ownership, the registered person must file Form GST ITC-02 before seeking cancellation to permit transfer of specified unutilized input tax credit to the transferee on acceptance, who remains liable for the transferor's tax, interest and penalties.
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