Input tax credit

Indirect Taxation

Changing in the constitution of registered person under Section 18 subsection 3. Could anyone please explain to me the concept with an example I had attached the concept below

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Subash Chandrabose

CA Final

★ 32K+

28-Sep-22 19:41

451

Answers (1)

A company has demerged and made it 2 units into 2 different companies - company 1 & company 2 So ITC as at date of demerger is given to company 1 and company 2 in the ratio of full value of assets of unit 1 and unit 2

Sudha Reddy

CA Final

★ 20K+

29-Sep-22 10:19