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People also ask
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What is transfer of input tax credit?
A registered taxpayer can apply for transfer of matched input tax credit that is available in the Electronic Ledger to another business organization in case of transfer of business by way of sale of business/ merger/ demerger by the filing of ITC declaration in Form GST ITC - 02.
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Can I transfer my tax credits to my partner?
You can transfer tax credits and rate bands as you wish between you and your spouse provided you aren't getting separate treatment (married couple being treated as two single people) with the exception of the PAYE tax credit.
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