Transfer of ITC after death of proprietress
This query is : Resolved
19 February 2025
One of my GST client (a lady) had expired leaving a sizable amount of ITC in his GST ledger account. As GSTIN cannot be transferred, his husband want to register the business in his name. Whether his husband can avail the ITC balance lying in his deceased wife's ledger account ? What will be the procedure and formalities for the same
19 February 2025
This can be done by filling out Form GST REG-01, where the application must state “death of the proprietor” as the reason for registering. This filing is essential as it creates the successor's legal position to claim the ITC. Once the successor has gotten GST registration, the next step is to file Form GST ITC-02 for transfer of ITC.
20 February 2025
Whether Succession Certificate will be required for the purpose ? Whether Legal heir certificate can serve the purpose ? Because to get a succession certificate, waiting period will be quite long .
20 February 2025
Legal heir certificate enough.
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