Section 16 of the Central Goods and Services Tax Act, 2017/Rule 10 of the Cenvat Credit Rules, 2004 – Input tax credit – Assessee purchased a running unit ‘M’ with all its assets and liabilities by change in shareholding pattern – It transferred cenvat credit lying unutilised in ‘M’ unit to its credit – Lower authorities denied benefit of transfer of cenvat credit – Whether since PAN number and ECC number of ‘M’ were same as were of assessee, assessee was eligible to transfer cenvat credit lying unutilised in ‘M’ unit to its credit – Held, Yes
Citation: [2018] 92 taxmann.com 160 (Ahmedabad – CESTAT)