https://www.taxtmi.com/forum/issue?id=113737 Entitlement to transfer unutilized input tax credit exists when a registered dealer's business is transferred and the transferee receives the stock of inputs, inputs-in-process or capital goods on which credit was availed, subject to the satisfaction of the assessing authority. A partnership-to-company conversion may be treated as a transfer as a whole (a going concern), so proof should show transfer and accounting of the specified assets and corresponding credits in the transferee's opening accounts. en-us Mon, 14 May 2018 22:06:53 +0530 Thu, 23 Jan 2025 15:55:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113737 Entitlement to transfer unutilized input tax credit exists when a registered dealer's business is transferred and the transferee receives the stock of inputs, inputs-in-process or capital goods on which credit was availed, subject to the satisfaction of the assessing authority. A partnership-to-company conversion may be treated as a transfer as a whole (a going concern), so proof should show transfer and accounting of the specified assets and corresponding credits in the transferee's opening accounts. Discussion-Forum VAT / Sales Tax Mon, 14 May 2018 22:06:53 +0530 https://www.taxtmi.com/forum/issue?id=113737