Can the ITC be transferred to a new institution in the event of death of the sole owner?

Can the ITC be transferred to a new institution in the event of death of the sole owner?

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1 Answer(s)

Yes, a legal practice can transfer ITC to a new unit in the event of the death of the sole owner. In such a case, legal discretion requires a new registration and transfer to ITC under GST.

Answered on March 7, 2018.
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Gen GST