Refund of gst in electronic cash or credit ledger
This query is : Resolved
01 April 2019
Dear Sir/madam,
we have excess of GST ITC in our firm and we have discontinued the business(other units are running), should we apply for gst refund before applying for cancellation of gst or will balance in electronic cash or credit ledger will automatically transsferred to our account on applying for cancellation of registration
we have excess of GST ITC in our firm and we have discontinued the business(other units are running), should we apply for gst refund before applying for cancellation of gst or will balance in electronic cash or credit ledger will automatically transsferred to our account on applying for cancellation of registration
CA CS Chirag
(Expert)
01 April 2019
if you are eligible for refund you have to make application for refund, in case of discontinuing business the credit pertaining to stock should be reversed.
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