Refund of accumulated ITC - Reg.
This query is : Resolved
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Gopalakrishnan. S
(Querist)
30 March 2026
Sir,
One of my friend is doing a proprietary business ( supply of service). Due to some personal reasons, he could not carry out his business for a few months. However, he promptly filed NIL return and his Registration is still active. But, as his place of business is located in a rented premises, he had paid the RCM regularly and that amount has accumulated in the Credit ledger.
It might take a few more months for him to revive his business actively.
Now, can he claim refund of his accumulated RCM? If so, what is the proceedure.
Kindly advice.
One of my friend is doing a proprietary business ( supply of service). Due to some personal reasons, he could not carry out his business for a few months. However, he promptly filed NIL return and his Registration is still active. But, as his place of business is located in a rented premises, he had paid the RCM regularly and that amount has accumulated in the Credit ledger.
It might take a few more months for him to revive his business actively.
Now, can he claim refund of his accumulated RCM? If so, what is the proceedure.
Kindly advice.
30 March 2026
No, refund of accumulated ITC arising from RCM is generally not allowed in your friend’s situation.
Gopalakrishnan. S
(Querist)
03 April 2026
Thank you very much Sir.
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