Surrender Of GST Registration -Excess IT In Creedit Ledger

This query is : Resolved

Dhinesh Sridhar (Querist)
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07 December 2019 It's Partnership Firm facing huge loses so going to disolution. It is having more than 1 lakh ITC in credit ledger no stock left. All the ITC are relating to Marketing Expenses , Rent & Capital Goods.Now what is the solution. Is there any way to claim refund of such ITC/Reverse of such ITC or any other solution

Please Help me to resolve the issue thanks in advance. Awaiting for the solution.

Rajamahendra Varma M.B.A.,LL.B

Rajamahendra Varma M.B.A.,LL.B (Expert)
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08 December 2019 You can claim refund with in relevant date based on your business, or carry forward the same to subsequent years to utilize the same.

Dhinesh Sridhar

Dhinesh Sridhar (Querist)
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17 December 2019 How to claim refund is any provision available to claim?
Also we cannot carry forward the credit because the firm is going to dissolution

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