AVAILING ITC U/S 36 OF THE CGST ACT 2017

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.