https://www.taxtmi.com/article/detailed?id=9076 The circular extends the asset based apportionment formula to all business reorganisations, requires asset proportions to be determined at each GST registration, and mandates filing Form GST ITC-02 only where both transferor and transferee are registered in a state. The apportionment applies to the total unutilized ITC, with transferors free to allocate among tax heads within available balances. The relevant date for computing transferable ITC is the electronic credit ledger balance on the date of filing ITC-02; for demergers, the asset ratio is as of the appointed date. en-us Wed, 15 Apr 2020 10:43:32 +0530 Wed, 15 Apr 2020 10:43:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9076 The circular extends the asset based apportionment formula to all business reorganisations, requires asset proportions to be determined at each GST registration, and mandates filing Form GST ITC-02 only where both transferor and transferee are registered in a state. The apportionment applies to the total unutilized ITC, with transferors free to allocate among tax heads within available balances. The relevant date for computing transferable ITC is the electronic credit ledger balance on the date of filing ITC-02; for demergers, the asset ratio is as of the appointed date. Articles Goods and Services Tax - GST Wed, 15 Apr 2020 10:43:32 +0530 https://www.taxtmi.com/article/detailed?id=9076