GST panel may consider allowing transfer of unused tax credit within corporate groups

New Delhi: A key panel under the goods and services tax (GST) council is likely to consider suggestions from the industry on transfer of unutilised input tax credit (ITC) within a corporate group and giving exemption to intra-group corporate guarantees from any tax levy. These recommendations, once approved by the GST fitment committee, will be placed before the GST Council, the apex decision-maki…