https://www.taxtmi.com/article/detailed?id=8441 Transfer of unutilized input tax credit on change of ownership due to death of a sole proprietor is governed by Section 18(3) and Rule 41, with the Board clarifying that death constitutes a transfer of business. Where the business is continued, the transferee/successor must obtain registration, link GSTINs, and file Form GST ITC-02 before cancellation; upon acceptance the specified unutilized credit is credited to the transferee's electronic credit ledger, and inputs/capital goods must be accounted for by the transferee. Successor liability for tax, interest and penalty is joint and several. en-us Tue, 02 Apr 2019 06:39:06 +0530 Tue, 02 Apr 2019 06:43:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8441 Transfer of unutilized input tax credit on change of ownership due to death of a sole proprietor is governed by Section 18(3) and Rule 41, with the Board clarifying that death constitutes a transfer of business. Where the business is continued, the transferee/successor must obtain registration, link GSTINs, and file Form GST ITC-02 before cancellation; upon acceptance the specified unutilized credit is credited to the transferee's electronic credit ledger, and inputs/capital goods must be accounted for by the transferee. Successor liability for tax, interest and penalty is joint and several. Articles Goods and Services Tax - GST Tue, 02 Apr 2019 06:39:06 +0530 https://www.taxtmi.com/article/detailed?id=8441