claim

How to claim for refund of balance ITC.
Replies (3)

CARRY FORWARD IT TO THE NEXT MONTH 

Please refer sec. 54 of CGST Act, 2017 which lists out two scenarios wherein you can claim refund of unutilised ITC.

One in case of zero rated supplies i.e. exports, supplies to SEZ unit/ developer

Second in case of inverted duty rate structure.

In all other cases, you cannot claim refund except when you shut down your business. C/f till next month where liability arises so that you can offset.

 

If you have no further outward supply or outward supply having lower rate of tax, you can file application of refund of ITC

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
26 September 2026
Chartared Accountant

pushpganga ventures

Pune

CA

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details