Availing ITC U/s 36 OF CGST ACT 2017
Prabhat Pandey (210 Points)
25 June 2021
IS BALANCE AVAILABLE IN ELECTRONIC CREDIT LEDGER CAN BE REFUNDED IF THE SUPPLIER CLOSED HIS BUSINESS.
Prabhat Pandey (210 Points)
25 June 2021
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 25 June 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 25 June 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 25 June 2021
Such ITC would lapse on closure of business.
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(13531 Points)
Replied 26 June 2021
inputs held in stock as on the date of closure of business if any shall be reversed as per section 29(5) either through cash ledger or through credit ledger.
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