https://www.taxtmi.com/circulars?id=60381 Unutilized input tax credit in the electronic credit ledger of a deceased sole proprietor may be transferred to a transferee who continues the business. The transferee must obtain registration citing death of proprietor and file the prescribed electronic form requesting transfer of credit before applying for cancellation; on acceptance the specified credit is credited to the transferee's electronic credit ledger. Transferor and transferee are jointly and severally liable for any tax, interest or penalty due from the transferor, and the person continuing the business after death is liable for outstanding obligations. en-us Thu, 28 Mar 2019 00:00:00 +0530 Thu, 28 Mar 2019 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60381 Unutilized input tax credit in the electronic credit ledger of a deceased sole proprietor may be transferred to a transferee who continues the business. The transferee must obtain registration citing death of proprietor and file the prescribed electronic form requesting transfer of credit before applying for cancellation; on acceptance the specified credit is credited to the transferee's electronic credit ledger. Transferor and transferee are jointly and severally liable for any tax, interest or penalty due from the transferor, and the person continuing the business after death is liable for outstanding obligations. Circulars GST Thu, 28 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60381