https://www.taxtmi.com/forum/issue?id=116468 Where a business is continued by a legal heir the successor must obtain fresh GST registration and the unutilised input tax credit in the deceased's electronic credit ledger may be transferred to the successor through the prescribed electronic procedure, with the transferee accounting for transferred inputs and capital goods. If no heir continues the business, registration must be cancelled and business assets are deemed supplies unless transferred as a going concern or carried on by a personal representative; on cancellation specified debits to the electronic credit or cash ledger are required and any remaining credit lapses. en-us Thu, 11 Jun 2020 16:47:21 +0530 Thu, 23 Jan 2025 15:54:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116468 Where a business is continued by a legal heir the successor must obtain fresh GST registration and the unutilised input tax credit in the deceased's electronic credit ledger may be transferred to the successor through the prescribed electronic procedure, with the transferee accounting for transferred inputs and capital goods. If no heir continues the business, registration must be cancelled and business assets are deemed supplies unless transferred as a going concern or carried on by a personal representative; on cancellation specified debits to the electronic credit or cash ledger are required and any remaining credit lapses. Discussion-Forum GST Thu, 11 Jun 2020 16:47:21 +0530 https://www.taxtmi.com/forum/issue?id=116468