Transfer of Input Tax Credit on Conversion of Partnership Firm into Private Limited Company.

Statutory provisions regarding the transfer of input tax credit on sale, merger, lease, or transfer of business. Sub-section (3) of section 18 of the Central Goods and Services Tax Act, 2017 (in short ‘the CGST Act’) deals with the transfer of credit on sale, merger, lease, or transfer of business. Accordingly, where there is a change in the constitution of a registered person on...