How will transfer of credit on account of de-merger be apportioned?

In terms of proviso to Rule 41(1) of the CGST Rules, 2017, in case of demerger, the credit will be apportioned in the ratio of the value of assets of the new units as specified in the demerger scheme.

(ICAI FAQ PUBLICATION 06-09-2017 -: Input Tax Credit: FAQ NO. 54)

 

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