Question ID :
29583
CA Certificate for Transfer of Input Credit on Lease
Greetings Forum and Thanks for previous responses.
My Client has rented his total manufacturing Unit to other Company for running the Factory. My Client has undertaken some expansion of the Existing Manufacturing Unit and has some Input GST credits which is available in credit ledger from July to March 2018. His only Output credit is on Rental Income which is very less compared to Input GST credit of expansion
Now my client wants to transfer the Input tax credit to the lessee. As per Sec 18(3) of CGST and Rule 41 of CGST Rules i need to issue a CA certificate.
I want to know if there is any format for the same, if not what contents should be present and what other precautions checking should i take to give the certificate.
Thank for your responses in advance.
Posted by
CA. SANJEEV DESHPANDE
on
Apr 19, 2018
Filed Under
GST
Dear Sandeep Ji,
As such there is no format for issue a certificate uner rule 41 of CGST. However, you should use general language of certificate after verification of the foliowing-
1. Agreement of lease .
2 FORM GST ITC-02
Posted by
CA. SATISH CHAND GARG on
Apr 22, 2018