To apply for GR, the transferor company has to submit the completed GR Form A (Form GR-A (619KB)) while the claimant company has to submit the completed GR Form B (Form GR-B (639KB)) at the time of submission of their Income Tax Return.
Otherwise, the company will not be eligible for the GR for that YA. The election for GR is irrevocable.
The company cannot amend the GR form after submission. Please ensure accuracy (e.g. the order of claimant companies) before filing your company's Income Tax Return by the due date.
However, if the company is issued a Notice of Assessment (NOA) showing a change in the company's tax position from a taxable to a loss position or vice versa due to tax discharged or additional tax raised, the company can submit a revised GR form.
The revised GR form should only be submitted when there is a change in the company's tax position from a taxable to a loss position or vice versa. The revised GR form must be submitted within 2 months from the date of the notice of amended/ additional assessment.
If the claimant companies have previously submitted a Form GR-B (639KB), it cannot change the ranking previously specified but may add the new transferor company.
If the transferor company has previously submitted Form GR-A (619KB), it cannot change the ranking previously specified but may add the new claimant company.
619KB, PDF
639KB, PDF
901KB, PDF