An Individual, having balance of Rs. 500000/- in his Electronic credit ledger under GST, want to cancel his gst registration. Can he claim Refund of ITC of Rs. 500000/- showing in electronic credit ledger?
5 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 29 September 2018
No... No way for refund if it's under ITC and The GSTIN will be cancel.
Dastagiri
(ipcc)
(79 Points)
Replied 01 October 2018
sir I have filed tran 1 regarding transitional credit of vat . that credit was reflecting electronic credit ledger. but at the time of filing of July month gstr3b return again I have taken 50% of cgst and 50% sgst .then after electronic credit ledger amount was increasing.that time I understood wrongly taken.now what is the rectification
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