In case of transfer of business, input tax credit which remains unutilized in the electronic creditledger of the the transferor shall be transferred in the electronic credit ledger of the transferee. Tranfer of assets shall be treated as supply and GST shall be levied on it.
Please mark your satisfactory level...
My Dear ,
I thank you for marking the answer as satisfactory.
I have noted.
It will be very nice and helpful to our other members (and the answerer too) if you mark your satisfaction level on the grade scale below.
Please feel free to mark any point. I don't share it with anyone. I use it for doing my internal calculations only. I use these calculations to evaluate the service performance of the relevant virtuoso.
Here is the grade scale:
Thank you,
Yours sincerely,
Anu, Thakurani's bestie