ITC Section 18(3) Transfer of ITC on sale, lease, amalgamation, demerger

Indirect Taxation

During a merger or demerger, can we transfer the unutilized ITC of Capital Goods or only Goods?

Udaya Kumar

CMA Inter

★ 920

05-Dec-22 14:31

566

Answers (1)

Best Answer

ITC should be transferred based on apportioned value of assets of company demerged.

Shankari C

CA Inter

★ 12K+

05-Dec-22 15:12