https://www.taxtmi.com/article/detailed?id=16085 Section 18(3) of the CGST Act permits transfer of input tax credit in cases of merger, demerger, amalgamation, sale, lease, or transfer of business, subject to transfer of liabilities, and Rule 41 provides the Form ITC-02 mechanism. However, business restructuring raises unresolved issues where operations are shifted across States, mergers involve different State registrations, or the transferor's GST registration is sought to be continued after NCLT approval. The article highlights judicial divergence, portal restrictions without statutory basis, and the need to distinguish between transferable IGST and CGST credit and State-specific SGST credit. en-us Fri, 27 Mar 2026 09:22:13 +0530 Fri, 27 Mar 2026 09:22:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16085 Section 18(3) of the CGST Act permits transfer of input tax credit in cases of merger, demerger, amalgamation, sale, lease, or transfer of business, subject to transfer of liabilities, and Rule 41 provides the Form ITC-02 mechanism. However, business restructuring raises unresolved issues where operations are shifted across States, mergers involve different State registrations, or the transferor's GST registration is sought to be continued after NCLT approval. The article highlights judicial divergence, portal restrictions without statutory basis, and the need to distinguish between transferable IGST and CGST credit and State-specific SGST credit. Articles Goods and Services Tax - GST Fri, 27 Mar 2026 09:22:13 +0530 https://www.taxtmi.com/article/detailed?id=16085