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We are in talks of buying a local suppliers business. Can we claim the un-utilized input tax credit of the supplier immediately? Please advise

Yes, there is no specific provision prohibiting transfer of such unutilized credit. In fact, the Act specifically provides that when there is a change in constitution of a registered person on account of sale, merger, or amalgamation of business with specific provision of transfer of liabilities, the registered taxable person shall be allowed to trans...


Yes, there is no specific provision prohibiting transfer of such unutilized credit. In fact, the Act specifically provides that when there is a change in constitution of a registered person on account of sale, merger, or amalgamation of business with specific provision of transfer of liabilities, the registered taxable person shall be allowed to trans...


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