Business was started in 2018. bought ATM machine. paid GST on machine. It was showing in Credit ledger. after that services of ₹ 50000 has been provided in last one year and credit of ₹ 8000 has been utilised against tax liability. but bcoz of poor performance, closing Business.
Still ₹20000 is showing in Credit ledger. There is no stock.
what to do with ITC?
you have to claim as refund..
CAclubindia
