A person want to stock transfer under going concern. for such stock t/f any CA Certificate required, plz share format of certificate.

Reply—As per sec.18(3) of CGST Act, 2017, read with Rule 41 of CGST Rules,2017, if there is change in constitution of a registered person, in case of sale, Merger, deMerger, Amalgamation, lease or transfer of the business for any reason, then input tax credit lying in the credit ledger of the registered person can be transferred to another registered person by furnishing the details in FORM GST ITC-02 regarding change in constitution along with request to transfer the input tax credit in the credit ledger.

Form GST ITC-02 is to be submitted by the transferor along with a certificate issued from practicing Chartered Accountant or Cost Accountant certifying that the sale, merger, demerger, amalgamation, lease, transfer of the business has been done along with the transfer of liabilities. There is no specific format for such certificate. 

Certificate by chartered accountant is not required for transfer of stock.