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Claiming of credit
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....laiming of credit<br> Query (Issue) Started By: - Prudhvi Jakkula Dated:- 17-5-2019 Last Reply Date:- 17-5-2019 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>Dear experts, I merged my business with another entity and my business was closed on 31st march 2019. So i filed ITC-02 to transfer all my GST credit to the new entity. Problem is, now i am receiving old bills for my old gst numbe....
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....r. Can i transfer this credit to my new entity. New entity has got more sales and liability is huge. So i require that input. How can i transfer this credit to my new entity. Please let me know. Reply By KASTURI SETHI: The Reply: Once you have filed ITC-02 and now if you file again, the Common Portal System will not allow you. However, if a huge amount of credit is involved you should make effo....
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....rts through the jurisdictional GST Range Officer. Apply manually. As per Section 18 (3) of CGST Act, you must get your substantive right. You may get relief through litigation. Reply By Prudhvi Jakkula: The Reply: Thank you very much sir Reply By Ganeshan Kalyani: The Reply: A jurisdictional GST officer can help you out in this situation. Make an application stating the facts. Reply By Ganes....
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....han Kalyani: The Reply: Further, ask all your suppliers to mention new GSTIN of yours. Reply By Ganeshan Kalyani: The Reply: Alternately, you can request your vendors to cancel the invoice and issue new invoice with the new GSTIN and also request them to file GSTR-1 with new GSTIN.<br> Discussion Forum - Knowledge Sharing ....