itc-02
Anita Pangotra (116 Points)
13 December 2018In case of death of assessee whether ITC-02 of GST is mandatory to be filed for transfer of stock by his legal heir even if there is no ITC or This is the case of sole proprietorship
Anita Pangotra (116 Points)
13 December 2018
Sarath Rajendran
(Nil)
(2791 Points)
Replied 13 December 2018
Yes, a legal heir can transfer the ITC to a new entity in case of death of sole proprietor. In such a case, legal heir needs to get a new registration under GST and transfer the ITC through FORM GST ITC-02 to this new entity.
Anita Pangotra
(116 Points)
Replied 13 December 2018
Sarath Rajendran
(Nil)
(2791 Points)
Replied 13 December 2018
It is the safer side for transfer stock even if no ITC on stock
Anita Pangotra
(116 Points)
Replied 13 December 2018
jyoti bhagchandani
(fresher)
(595 Points)
Replied 13 December 2018
Anita Pangotra
(116 Points)
Replied 13 December 2018
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