Unutised itc of firms under same pan

This query is : Resolved

DHEERAJ KUMAR (Querist)
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22 July 2018 I have a firm in Delhi. I have closed it business in December and got registered another firm under same PAN in uttar Pradesh and same name. Can I utilise the ITC of old firm into new firm. If yes, how to do that...

Vishakha Kejriwal.

Vishakha Kejriwal. (Expert)
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24 July 2018 Transfer of credit is possible only in cases of sale, merger, amalgamation,lease or transfer of a business as per Section 18 of the CGST Act read with Rule 41 of the Rules.

DHEERAJ KUMAR

DHEERAJ KUMAR (Querist)
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29 July 2018 Mam, can I issue a from old firm to new firm to utilise the ITC since business assets and stock is same.

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Vishakha Kejriwal.

Vishakha Kejriwal. (Expert)
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30 July 2018 Query is not clear.