Q 195. What would be input tax eligibility in cases where there is a change in the constitution of a registered taxable person?

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Ans. As per section 16(8) of the MGL, the transferor shall be allowed to transfer the input tax credit that remains unutilized in its books of accounts to the transferee provided that there is a specific provision for transfer of liabilities.   [ As per FAQ on GST published by NACEN ] 340…

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