GST REFUND ON ACCOUNT OF MERGER

Can we claim Refund of Unutilized balance in Cash Ledger under GST Act due to merger of our company with the parent company? we have already transferred ITC to the parent company from our credit ledger by filing ITC-02 online but we are unable to transfer Cash as there is no such mechanism right now on the GST system.Please offer your comments.thanks
Replies (5)
Quick Summary
This discussion explores the possibility of claiming a refund for an unutilised balance in the GST cash ledger following a company merger. While ITC can be transferred via ITC-02, there's currently no direct system mechanism for transferring cash balances. Participants discuss potential avenues for refund, including selecting 'others' as a refund reason, though some report rejections based on Section 54 of the GST Act.

You will get refund of cash ledger. You may file applicable for refund
Gst refund on account of merger.
Application for refund rejected on the grounds that there is no provision under Section 54 for such kind of refund on account of merger
You may select others option
Originally posted by : sabyasachi mukherjee  geometry dash lite
Gst refund on account of merger.

I think you can choose the package that suits your conditions. Analyze and review.

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