https://www.taxtmi.com/forum/issue?id=117968 Conversion of an LLP to a private company requires a certificate from a practicing chartered or cost accountant certifying the transfer of business with a specific provision for transfer of liabilities. The transferor uploads input tax credit details and the transferee accepts them; on acceptance the credit is credited to the transferee's electronic credit ledger. Rule 41 does not prescribe a time limit for filing ITC 02 or for cancelling the transferor's GST registration, and practitioners commonly verify liabilities by reconciling opening balances in the transferee's books. en-us Wed, 25 May 2022 12:30:21 +0530 Thu, 23 Jan 2025 15:54:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117968 Conversion of an LLP to a private company requires a certificate from a practicing chartered or cost accountant certifying the transfer of business with a specific provision for transfer of liabilities. The transferor uploads input tax credit details and the transferee accepts them; on acceptance the credit is credited to the transferee's electronic credit ledger. Rule 41 does not prescribe a time limit for filing ITC 02 or for cancelling the transferor's GST registration, and practitioners commonly verify liabilities by reconciling opening balances in the transferee's books. Discussion-Forum GST Wed, 25 May 2022 12:30:21 +0530 https://www.taxtmi.com/forum/issue?id=117968