https://www.taxtmi.com/forum/issue?id=117423 Section 18(3) allows transfer of unutilised input tax credit upon a change in the constitution of a registered person (practically linked to change in PAN) arising from sale, merger, demerger, amalgamation, lease or transfer of business. Mere partial transfers of assets and liabilities that do not constitute a business transfer do not qualify for ITC transfer; those transactions are taxable supplies and GST charged may enable the purchaser to claim credit. Circular guidance permits ITC transfer in bona fide partial transfers as part of business reorganisation where the transaction amounts to a transfer of business. en-us Fri, 13 Aug 2021 11:50:25 +0530 Thu, 23 Jan 2025 15:54:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117423 Section 18(3) allows transfer of unutilised input tax credit upon a change in the constitution of a registered person (practically linked to change in PAN) arising from sale, merger, demerger, amalgamation, lease or transfer of business. Mere partial transfers of assets and liabilities that do not constitute a business transfer do not qualify for ITC transfer; those transactions are taxable supplies and GST charged may enable the purchaser to claim credit. Circular guidance permits ITC transfer in bona fide partial transfers as part of business reorganisation where the transaction amounts to a transfer of business. Discussion-Forum GST Fri, 13 Aug 2021 11:50:25 +0530 https://www.taxtmi.com/forum/issue?id=117423