How Can a Trader Utilise Approximately ₹1.20 Crore of Accumulated GST ITC?

To resolve these operational challenges effectively, leverage Power Query for automated GST and multi-entity Tally/SAP reconciliations, establish strict tax hierarchy workflows for Sections 194Q/206C(1H), and enforce a standardized RACM matrix for IFC compliance; if you intended to join the author's peer network, reach out directly to the email provided in the post.

This client is engaged in the trading of taxable goods.

During the past period, the client was selling goods at very low/highly discounted prices (which were later claimed by brands), resulting in relatively low output GST liability compared with the GST paid on purchases.

Consequently, substantial ITC has accumulated in the electronic credit ledger. The approximate balance is 1.2 crore

He is continuing the same/similar trading business, but the present output GST liability is insufficient to utilise the accumulated credit in a reasonable period.

I would like to understand whether there are any legally permissible ways to utilise, transfer or obtain a refund of this accumulated ITC, rather than allowing the credit to remain blocked for a prolonged period.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details