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Question ID : 31689

Unutilized ITC Use (Transfer or Refund)

Fact of the Case Company having PAN India basis business, transfer Goods from H.O. (Gurgaon) to Mumbai Depot (Maharashtra) and then sell the same to Inter-State and Intrastate till Mar-2018 and register under GST as Regular Type. W.e.f. April-2018 Closing Stock at Mumbai Depot is NIL and Company discontinue depot sale thereafter. What Option available to Company for utilisationtransfer of Input Tax Credit available with Mumbai Depot? W.e.f. April-2018 Company also register Mumbai Depot as Input Service Distributor for sharing ITC received on Service at Mumbai Depot. Whether it is possible to transfer of ITC of Mumbai Depot under Regular type to New ISD Registration? Please guide Option available with Mumbai Depot for usetransfer of ITC.

posted by ANKIT MAHESHBHAI RASANIA on Jun 11 2018 12:00AM

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