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Asked by namish on :Jul. 17, 2018

If I transfer my business to another person, who …

If I transfer my business to another person, who will then continue the same business I was running…

If I transfer my business to another person, who will then continue the same business I was running, what will happen to my Input tax credit?

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Chiranjibi Jul. 17, 2018

In case of transfer of business, input tax credit which remains unutilized in the electronic credit ledger of the transferor shall be transferred in the electronic credit ledger of the transferee.

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