This discussion addresses how to withdraw or claim the available Input Tax Credit (ITC) from the electronic credit ledger when a business is cancelling its GST registration. While generally unutilised ITC isn't refundable upon business closure, specific procedures might apply, especially when closing registration in only one of multiple states. Filing the GSTR-10 is often a key step in this process.
03 February 2023
Have you filed GSTR-10? As per the provisions of Section 54, the unutilized input tax credit on the reason that the business is closed or discontinued is not available.
07 February 2023
Thank you Sir, Not yet filed, Actually party have GST registration in two state , out of which they want to close one state business but ITC available in that GST.