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AVAILING ITC U/S 36 OF THE CGST ACT 2017
IS BALANCE AVAILABLE IN ELECTRONIC CREDIT LEDGER CAN BE REFUNDED IF THE SUPPLIER CLOSED HIS BUSINESS.
Replies (3)
No, I don't think such credit can be refunded. It would just lapse.
No...
it's not refundable.
Also supplier want to reverse this ITC in last return...
it's not refundable.
Also supplier want to reverse this ITC in last return...
ITC will lapse. No provision for refund.
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