FAQs on Filing of Form GST ITC-02A

Q.1 What is Form GST ITC-02A?

A person having multiple places of business in a State or Union territory may be granted separate registration for each place of business.

If a registered person, who has obtained separate registration for multiple places of business in a State/UT and intends to transfer unutilized matched Input Tax Credit lying in his/her Electronic Credit Ledger of an existing entity (the transferor entity) to newly registered entities/place of businesses (transferee entity), then transferor entity (existing entity) has to file Form GST ITC-02A on GST Portal, within 30 days from obtaining such registration and transferee entity (newly registered entity) can accept or reject the same.

Q.2 When filing of Form GST ITC-02A is needed for a taxpayer?

Taxpayer can file Form GST ITC-02A, if he/she has obtained separate registration for multiple places of business in a State/UT and intends to transfer unutilized matched Input Tax Credit lying in his/her Electronic Credit Ledger to registered entities/place of businesses.

Transferring ITC in Form GST ITC-02A

Q.3 From where can I as taxpayer transfer ITC in Form GST ITC-02A?

You can transfer ITC in Form GST ITC-02A by navigating to Services > Returns > ITC Forms > TRANSFER ITC after logging into the GST Portal.

Post filing of Form GST ITC-02A, Electronic Credit Ledger of transferor entity will get updated with a debit entry for the amount mentioned in the Form.

Q.4 By when can I transfer ITC in Form GST ITC-02A?

As a transferor entity (existing entity), in case you have obtained separate registration for multiple places of business in a State/UT, you can transfer ITC in ‘Form GST ITC-02A’ within 30 days after obtaining such registration.

Taking Action in Form GST ITC-02A

Q.5 From where can I as transferee entity take action in Form GST ITC-02A?

You as transferee entity (newly registered entity), can take action in Form GST ITC-02A by navigating to Services > Returns > ITC Forms > TAKE ACTION after logging into the GST Portal.

Q.6 What actions can be taken by the transferee entity in Form GST ITC-02A?

Transferee entity can accept or reject the ITC transferred by the transferor entity.

Q.7 Can a Transferee entity modify the amount transferred by the transferor entity?

Transferee entity cannot modify the amount transferred by the transferor entity.

Post Filing of Form GST ITC-02A

Q.8 What happens after Form GST ITC-02A is successfully filed by the transferor entity?

After Form GST ITC-02A is successfully filed by the transferor entity:

  • An e-mail and SMS notification will go to transferee entity for his/her acceptance or rejection of Form ITC-02A in order to transfer or reject Input tax credit.
  • Post filing of Form GST ITC-02A, Electronic Credit Ledger of transferor entity will get updated with a debit entry for the amount mentioned in the Form.

Q.9 What happens after acceptance of ITC by the transferee entity and successful filing of Form GST ITC-02A?

After acceptance of ITC by the transferee entity and successful filing of Form GST ITC-02A:

  • An e-mail and SMS notification will go to transferor entity for action taken by transferee as acceptance in the form.
  • On acceptance by the transferee entity, Electronic Credit Ledger of transferee entity will be updated accordingly.

Q.10 What happens after rejection of ITC by the transferee entity and successful filing of Form GST ITC-02A?

After rejection of ITC by the transferee entity and successful filing of Form GST ITC-02A:

  • An e-mail and SMS notification will go to transferor entity for action taken by transferee as rejection in the form.
  • On rejection by the transferee entity, the amount mentioned in ‘Form GST ITC-02A’ will be re-credited in the Electronic Credit Ledger of transferor entity.

Previewing and Signing Form GST ITC-02A

Q.11 Can I preview the Form GST ITC-02A before filing?

Yes, you can preview the Form GST ITC-02A before filing it on the GST Portal, as a transferor entity.

Q.12 What are the modes of signing Form GST ITC-02A?

You can file Form GST ITC-02A using DSC, or EVC.

How to transfer ITC and file Form GST ITC-02A- Manual

How can I transfer ITC and file Form GST ITC-02A?

A person having multiple places of business in a State or Union territory may be granted separate registration for each place of business.

If a registered person, who has obtained separate registration for multiple places of business in a State/UT and intends to transfer unutilized matched Input Tax Credit lying in his/her Electronic Credit Ledger of an existing entity (the transferor entity) to newly registered entities/place of businesses (transferee entity), then transferor entity (existing entity) has to file Form GST ITC-02A on GST Portal, within 30 days from obtaining such registration and transferee entity (newly registered entity) can accept or reject the same.

To transfer ITC and file Form GST ITC-02A as a transferor entity, perform following steps:

1. Access the www.gst.gov.in URL. The GST Home page is displayed. Login to the GST Portal with valid credentials.

2. Click the Services > Returns > ITC Forms command.

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3. The GST ITC Forms page gets displayed. Click the TRANSFER ITC button on the GST ITC-02A tile.

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4. Enter the GSTIN of Transferee. Based on GSTIN of Transferee, Transferee Legal Name and Trade Name are auto-populated.

5. The amount of credit available in the Electronic Credit Ledger is displayed. Enter the details of ITC to be transferred to the Transferee. You can enter all or part of ITC as available in this table for transfer. Click SAVE to save the details.

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5a. A confirmation message is displayed that data is saved successfully.

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6. Click the PREVIEW button to view the summary page of Form GST ITC-02A for your review.

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6a. The summary page of Form GST ITC-02A in PDF format is displayed.

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7. Select the checkbox for declaration. From the Authorised Signatory drop-down list, select the authorized signatory. Click the FILE ITC WITH DSC or FILE ITC WITH EVC button, as applicable.

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7 (a) To FILE ITC WITH DSC: Click the PROCEED button and then select the certificate and click the SIGN button.

7(b) To FILE ITC WITH EVC: Enter the OTP sent on email and mobile number of the Authorized Signatory registered at the GST Portal and click the VERIFY button.

8. Click PROCEED.

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9. The success message with ARN is displayed. The status of Form GST ITC-02A is changed toFiled.

Note: After Form GST ITC-02A is successfully filed by the transferor entity:

  • An e-mail and SMS notification will go to transferee entity for their acceptance or rejection of Form ITC-02A, in order to transfer or reject the Input tax credit being transferred.
  • Post filing of Form GST ITC-02A, Electronic Credit Ledger of transferor entity will get updated with a debit entry for the amount mentioned in the Form.

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10. Click the DOWNLOAD FILED GST ITC-02A (PDF)button to download Form GST ITC-02A.

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11. Form GST ITC-02A is displayed in PDF format.

GST ITC-02A Image 11

How can I take action and file Form GST ITC-02A?

A person having multiple places of business in a State or Union territory may be granted separate registration for each place of business.

If a registered person, who has obtained separate registration for multiple places of business in a State/UT and intends to transfer unutilized matched Input Tax Credit lying in his/her Electronic Credit Ledger of an existing entity (the transferor entity) to newly registered entities/place of businesses (transferee entity), then transferor entity (existing entity) has to file Form GST ITC-02A on GST Portal, within 30 days from obtaining such registration and transferee entity (newly registered entity) can accept or reject the same.

After Form GST ITC-02A is successfully filed by the transferor entity, transferee entity needs to accept or reject Form ITC-02A, in order to transfer or reject the Input tax credit being transferred.

To take action and file Form GST ITC-02A as a transferee entity, perform following steps:

1. Access the www.gst.gov.inURL. The GST Home page is displayed. Login to the GST Portal with valid credentials.

2. Click the Services> Returns > ITC Forms command.

3. The GST ITC Forms page gets displayed. Click the TAKE ACTION button on the GST ITC-02A tile.

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4. List of all ARNs which are pending for action, accepted or rejected by transferee entity is displayed. Select the ARN hyperlink to take action.

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5. By clicking on ARN, details of ITC which is to be transferred by transferor entity gets displayed. Click either ACCEPT or REJECT based upon the decision that you want to exercise as the transferee entity.

Note:

  • You cannot modify the amount as a transferee entity.
  • On acceptance by the transferee entity, ITC will be transferred to the transferee entity.
  • On rejection by the transferee entity, ITC will not be transferred to the transferee entity and the amount mentioned in ‘Form GST ITC-02A’ will be re-credited in the Electronic Credit Ledger of transferor entity.

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6(a). In case of acceptance: A confirmation message is displayed on screen that you have successfully accepted declaration of transfer of ITC in Form GST ITC-02A.

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6(b). In case of rejection: A confirmation message is displayed on screen that you have successfully rejected declaration of transfer of ITC in Form GST ITC-02A.

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7. Select the checkbox for declaration. From the Authorised Signatory drop-down list, select the authorized signatory. Click the FILE ITC WITH DSC or FILE ITC WITH EVC button.

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7 (a) To FILE ITC WITH DSC: Click the PROCEED button and then select the certificate and click the SIGN button.

7(b) To FILE ITC WITH EVC: Enter the OTP sent on email and mobile number of the Authorized Signatory registered at the GST Portal and click the VERIFY button.

8. Click PROCEED.

GST ITC-02A Image 18

9. The success message with ARN is displayed. The status of Form GST ITC-02A is changed toFiled.

Note: After Form GST ITC-02A is successfully filed by the transferee entity:

  • An e-mail and SMS notification will go to transferor entity for action taken by transferee as acceptance/ rejection in the form.
  • On acceptance by the transferee entity, Electronic Credit Ledger of transferee entity will be updated accordingly.

GST ITC-02A Image 19

  • On rejection by the transferee entity, ITC will not be transferred to the transferee entity and the amount mentioned in ‘Form GST ITC-02A’ will be re-credited in the Electronic Credit Ledger of transferor entity.

Electronic Credit Ledger of transferor entity:

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10. Click the DOWNLOAD button to download Form GST ITC-02A.

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11. Form GST ITC-02A is displayed in PDF format.

GST ITC-02A Image 22(Republished with Amendment)

Source- www.gst.gov.in

Disclaimer: The contents of this article are for information purposes only and does not constitute an advice or a legal opinion and are personal views of the author. It is based upon relevant law and/or facts available at that point of time and prepared with due accuracy & reliability. Readers are requested to check and refer relevant provisions of statute, latest judicial pronouncements, circulars, clarifications etc before acting on the basis of the above write up. The possibility of other views on the subject matter cannot be ruled out. By the use of the said information, you agree that Author / TaxGuru is not responsible or liable in any manner for the authenticity, accuracy, completeness, errors or any kind of omissions in this piece of information for any action taken thereof.

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