Seeks to clarify transfer of ITC in case of death, certain refund issues, verification for new registration.
Subject: Clarification in respect of transfer of input tax credit in case of death of sole proprietor – Reg.
The Central Goods and Services Rules, 2017 (hereinafter referred to as „CGST Rules‟), the registered person (transferor of business) can file FORM GST ITC-02 electronically on the common portal along with a request for transfer of unutilized input tax credit lying in his electronic credit ledger to the transferee. Further, clarification has also been sought regarding procedure of filing of FORM GST ITC-02 in case of death of the sole proprietor.
Subject: Verification of applications for grant of new registration – Reg.
The Central Goods and Services Rules, 2017 (hereinafter referred to as„ CGST Rules‟) on account of noncompliance of the said statutory provisions. In this regard, instances have come to notice that such persons, who continue to carry on business and therefore are required to have registration under GST, are not applying for revocation of cancellation of registration as specified in section 30 of the CGST Act read with rule 23 of the CGST Rules.
Subject: Clarifications on refund related issues under GST– Reg.
Certain registered persons have reversed, through return in FORM GSTR-3B filed for the month of August, 2018 or for a subsequent month, the accumulated input
tax credit (ITC) required to be lapsed in terms of notification No. 20/2018-GST dated 24.08.2018.