GST REFUND ON ACCOUNT OF MERGER

515 views
User Avatar

40 Points Posted on 19 October 2023
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
2 Reply Share Follow
On 19 October 2023 at 14:05 Report
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.

User Avatar

CFO- at NHTF
58280 Points Posted on 21 October 2023
You will get refund of cash ledger. You may file applicable for refund
2 Reply
On 21 October 2023 at 06:07
User Avatar

Profession
28271 Points Posted on 21 October 2023
Gst refund on account of merger.
Reply
On 21 October 2023 at 08:38
User Avatar

40 Points Posted on 22 October 2023
Application for refund rejected on the grounds that there is no provision under Section 54 for such kind of refund on account of merger
1 Reply
On 22 October 2023 at 19:50
User Avatar

CFO- at NHTF
58280 Points Posted on 25 October 2023
You may select others option
Reply
On 25 October 2023 at 04:46
User Avatar

Government Property Inspector
22 Points Posted on 01 December 2023
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.

Reply
On 01 December 2023 at 07:41

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Criteria to hire an article
  2. Guidence requested for a Finance Professional with
  3. Expert Opinion Required – Form 140 Gross Amo
  4. WRONG TAX DEMAND - formal responses , rectificatio
  5. Foreign remittance
  6. Affordable Residential Flats in Gurgaon
  7. Manufacturing
  8. TAN REGISTRATION ON E-FILLING SITE
  9. Form 10-IEA – Continuing Old Regime
  10. Income tax act 2026

More recent discussions | Post

Related Topics :

Loading