AVAILING ITC U/S 36 OF THE CGST ACT 2017

IS BALANCE AVAILABLE IN ELECTRONIC CREDIT LEDGER CAN BE REFUNDED IF THE SUPPLIER CLOSED HIS BUSINESS.
Replies (3)
Quick Summary
This discussion addresses whether the balance in an electronic credit ledger can be refunded if the supplier has closed their business, specifically under Section 36 of the CGST Act 2017. The consensus is that such credit is not refundable and will likely lapse. There is no provision for claiming a refund in this scenario, and the supplier may even reverse the ITC in their final return.

No, I don't think such credit can be refunded. It would just lapse.
No...
it's not refundable.
Also supplier want to reverse this ITC in last return...
ITC will lapse. No provision for refund.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 07 November 2026
Chartered Accountant

DPV & Associates

Chennai

CA

View Details
Company
12 November 2026
Auditor

Oz Taxation

Vijayawada

Graduate (Any)

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
13 November 2026
Chartered Accountant - Fresher

Neeraj Bhagat & Co

New Delhi

CA

View Details
Company
ARTICLESHIP 14 November 2026
Articleship Assistant

B Thejas and Associates

Bengaluru

CA Foundation

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details