https://www.taxtmi.com/article/detailed?id=9914 Transfer of unutilized input tax credit on business reorganisation is effected under Section 18(3) and Rule 41 by filing FORM GST ITC-02 with a practitioner's certificate; the transferee must accept details on the portal for credits to be credited. For demergers and partial transfers, unutilized credit is apportioned by the ratio of asset values as specified in the scheme, taken at the State/registration level and dated to the appointed date; the aggregate credit across tax heads is apportioned and may be allocated among heads subject to available balances. en-us Sat, 24 Jul 2021 12:29:35 +0530 Sat, 24 Jul 2021 12:29:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9914 Transfer of unutilized input tax credit on business reorganisation is effected under Section 18(3) and Rule 41 by filing FORM GST ITC-02 with a practitioner's certificate; the transferee must accept details on the portal for credits to be credited. For demergers and partial transfers, unutilized credit is apportioned by the ratio of asset values as specified in the scheme, taken at the State/registration level and dated to the appointed date; the aggregate credit across tax heads is apportioned and may be allocated among heads subject to available balances. Articles Goods and Services Tax - GST Sat, 24 Jul 2021 12:29:35 +0530 https://www.taxtmi.com/article/detailed?id=9914