Itc 02 vs GSTR 2A and 2B, Goods and Services Tax - GST

[sumanta nayak]

in case of transfer of business,ITC available on the date of transfer can be transferred. In case some suppliers file GSTR-1 after due date the same can not be claimed as ITC for the month of Transfer due to Cap of 10% or 5%.Then how to tranfer the balance ITC ?.Can we file ITC-02 after obtaining all ITC in 3B on next two or three months?

Posts / Replies

[Ganeshan Kalyani]

In my view, the time limit is not given for filing ITC-02. I am also of the view that you can transfer entire ITC without considering 10% or 5% rule as they are applicable to claim credit. And in your case you are transferring the ITC.