https://www.taxtmi.com/forum/issue?id=120853 Transfer of assets, stock and business operations between two GST registrations held under the same PAN in the same State is ordinarily a supply between distinct persons, requiring a tax invoice unless the restructuring qualifies as a transfer of a going concern. On cancellation of one registration, the provisions relating to tax on stock and capital goods apply, and unutilised input tax credit can be transferred to the continuing GSTIN only where the transaction fits the prescribed business-transfer mechanism, including filing of Form GST ITC-02 and transfer of liabilities. en-us Mon, 06 Apr 2026 18:21:20 +0530 Thu, 09 Apr 2026 10:05:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120853 Transfer of assets, stock and business operations between two GST registrations held under the same PAN in the same State is ordinarily a supply between distinct persons, requiring a tax invoice unless the restructuring qualifies as a transfer of a going concern. On cancellation of one registration, the provisions relating to tax on stock and capital goods apply, and unutilised input tax credit can be transferred to the continuing GSTIN only where the transaction fits the prescribed business-transfer mechanism, including filing of Form GST ITC-02 and transfer of liabilities. Discussion-Forum GST Mon, 06 Apr 2026 18:21:20 +0530 https://www.taxtmi.com/forum/issue?id=120853