Q. Can the unutilized input tax credit be transferred in case of change in constitution of business? (Solved)
1. Not possible
2. No, it will be exhausted
3. Yes, it will be transferred only if there is provision for transfer of liabilities
4. It will be transferred only if it is shown in books of Accounts of transferror
- c. Yes, it will be transferred only if there is provision for transfer of liabilities