Gujarat HC: GST ITC as a Transferable Business Asset Can't Be Denied Due to State-Wise Registrations - SAG Infotech Official Tax Blog

The applicant was registered under the GST laws in multiple states. Following a Scheme of Amalgamation approved by the National Company Law Tribunal on November 14, 2019, another company merged with the applicant. As a result, all assets and liabilities of the transferor entity were transferred to the applicant. Additionally, the unused Input Tax Credit (ITC) recorded in the transferor company’s b…