Transfer of input credit, Goods and Services Tax - GST

[SARAVANAN RENGACHARY]

Dear Exports,

As per Rule 10 of CENVAT Credit Rules, transfer of input credit is allowed from one person to another subject to conditions.

Is similar provision available in GST law?.

regards

Saravanan.

Posts / Replies

[KASTURI SETHI]

Yes. Read Rules 41 and 41 A of CGST Rules.

[Ganeshan Kalyani]

Rule 41 - Transfer of credit on sale, merger, amalgamation, lease or transfer of a business.

Rule 41A. Transfer of credit on obtaining separate registration for multiple places of business within a State or Union territory.