https://www.taxtmi.com/article/detailed?id=16595 Unutilised input tax credit may be transferred in business restructuring only where the transaction falls within section 18(3) and the transfer document contains a specific provision for transfer of liabilities. Rule 41 requires Form GST ITC-02, certification by a Chartered Accountant or Cost Accountant, portal acceptance by the transferee, and accounting support in the transferee's books. In demerger, credit is apportioned by asset value, while Rule 41A governs distribution of credit among newly registered places of business through Form GST ITC-02A. en-us Mon, 08 Jun 2026 08:53:49 +0530 Mon, 08 Jun 2026 08:53:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16595 Unutilised input tax credit may be transferred in business restructuring only where the transaction falls within section 18(3) and the transfer document contains a specific provision for transfer of liabilities. Rule 41 requires Form GST ITC-02, certification by a Chartered Accountant or Cost Accountant, portal acceptance by the transferee, and accounting support in the transferee's books. In demerger, credit is apportioned by asset value, while Rule 41A governs distribution of credit among newly registered places of business through Form GST ITC-02A. Articles Goods and Services Tax - GST Mon, 08 Jun 2026 08:53:49 +0530 https://www.taxtmi.com/article/detailed?id=16595