Transfer of unutilized Input Tax Credit (ITC) is permitted from a Transferor company in one state to a Transferee company in another

Hon’ble Bombay High Court (Goa Bench) in the WP No. 463 of 2024 filed by M/s. Umicore Autocat India Pvt Ltd ruled in favour of the petitioner allowing the transfer of untilised input tax credit of a Transferor company in one state to Transferee in another state.

Hon’ble pronounced on 10.07.2025 ruling that Transferor company in Goa can transfer its unutilised input tax credit to a Transferee company in Maharashtra on account of amalgamation, despite them being registered in different States.

The landmark judgment was argued by Adv. (Dr.) Avinash Poddar of ASHVA Legal Advisors LLP