Owing to the large losses in the conversion process of traditional polarization converters, there is an increasing demand for metasurfaces with excellent transmission performance. In this work, an efficient polarization conversion metasurface is proposed based on electromagnetically induced transparency-like (EIT-like) effect in the terahertz band. The multi-level bright mode paths are excited by an asymmetric structure to obtain orthogonal circular polarization conversion windows. The transmission window is generated by the mutual interference of two sets of bright modes with similar resonant frequencies. Then an asymmetric structure is constructed to achieve transmission window shift under TE polarization and TM polarization, thereby realizing dual-frequency polarization conversion. The metamaterial unit structure consists of four open metal resonant rings and four metal resonant strips. The working mechanism is explored by analyzing the surface current distribution, frequency response, and incident angle characteristics. The results show that electromagnetically induced transparency can be achieved under different polarizations. Furthermore, based on the EIT resonance between the two incident polarizations, the conversion from linear polarization to right-hand circular polarization is achieved at 0.692 THz, and the conversion from linear polarization to left-hand circular polarization is realized at 0.782 THz, transmission coefficients are 0.7 and 0.68 respectively. According to the Stokes parameters, the corresponding ellipticity η values are 96% and 98%, respectively. This EIT-based polarization conversion metasurface with low loss and ultra-thin characteristics has great potential applications in compact antennas, derived radar phased arrays, and military detectors.