Refund of unutilised ITC
Aj Style (Student) (354 Points)
13 March 2019
can I claim unutilised ITC available in my credit ledger if I want to file cancellation of GST or closer of business.
9 Replies
Mohit Jagnani
(Professional - CA firm)
(524 Points)
Replied 13 March 2019
Hi aj,
No it is not possible
However there are other options u may consider
HAPPY TO HELP
MOHIT JAGNANI
8820448170
No it is not possible
However there are other options u may consider
HAPPY TO HELP
MOHIT JAGNANI
8820448170
nitin aggarwal
(4 Points)
Replied 13 March 2019
HELO SIR/MADAM
THE GST FOR MONTH OF MARCH FINANCIAL YEAR 2018-2019
CAN BE TRANSFER FOR MONTH OF APRIL 2019-2020.
THANKS
NITIN KUMAR AGGARWAL
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 13 March 2019
yes there are other option
Aj Style
(Student)
(354 Points)
Replied 13 March 2019
these are the two case in which we can claim refund of unutilised ITC
1 Unutilized input tax credit on zero-rated goods/services on which no payment of tax was made can be claimed as refund.
2. Accumulation of unutilized ITC due to higher tax rate on inputs than the output supplies (other than zero-rated/exempted goods).
is there any other way than above ?
1 Unutilized input tax credit on zero-rated goods/services on which no payment of tax was made can be claimed as refund.
2. Accumulation of unutilized ITC due to higher tax rate on inputs than the output supplies (other than zero-rated/exempted goods).
is there any other way than above ?
pritesh
(CA Final student)
(7101 Points)
Replied 13 March 2019
No You cannot claim unutilized credit..it will be lapsed After cancellation
Recent Topics
- GST registration -notice
- GSTIN Suspended Form GST Reg 17
- Request for GST Clarification regarding ITC
- Is Capital Gain exemption available for Property a
- EPF CONTRIBUION BY EMPLOYER
- Letter of credit -seller procedure
- Filling form 26 QB
- RPT AND ITC ISSUE
- Tax Liability and ITC Summary related Issues
- REQUIRED FORMAT FOR AMENDMENT TO PARTNERSHIP DEED
Related Threads
CAclubindia
