ITC after death
Hitesh rawal (402 Points)
21 October 2020
Closing stock Transferred after death and theirs no ITC in Old firm so is their need to file ITC 02 form in New Legal Heirs Firm.
2 Replies
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 21 October 2020
| Originally posted by : Hitesh rawal | ||
 |
Closing stock Transferred after death and theirs no ITC in Old firm so is their need to file ITC 02 form in New Legal Heirs Firm. |  |
You shall file iTc -02 in that case in order to comply with provisions.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 21 October 2020
In term of Section 18(3), r/w rule 41 if there is no ITC not required to furnish ITC 02
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