29 October 2020
My client has credit of Rs 10 crores in Central GST ledger. Now company is going to be liquidated. What is the procedure and how the refunds of Rs 10 crores, the client will get.
29 October 2020
There is no provision for refund of balance ITC on cancellation of registration.You have to analyse the reason for balance of Rs. 10 cr.and file the refund under inverted tax structure or export, if applicable.
CAclubindia
