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How to file gst surrender application

30 July 2021

what are the provision of refund related to accumulated ITC available in electronic credit ledger when we surrender a gst registration number.

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6 Replies

CS Advocate Abhishek Goyal (M Com FCS LLB M-AIMA ) (13531 Points)
Replied 30 July 2021

refund of accoumulated ITC is available only in case of inverted duty structure i.e. when rate of input is more than rate of output as a result of which the ITC keeps getting accumulated.

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CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 30 July 2021

Yes refund of ITC is available under IDC

Sunny James (Manager) (57 Points)
Replied 30 July 2021

Refund of accoumulated ITC is available only in case of inverted duty structure.
in other case, there is no refund on surrender, it's goes lapsed.

Nidhi (Chief Accountant) (3150 Points)
Replied 31 July 2021

Refund of ITC is not available except in case of inverted duty structure and zero rated supply

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 31 July 2021

Yes ...

Nidhi (Chief Accountant) (3150 Points)
Replied 31 July 2021

Sourav you are replying twice the same answer just for getting points or 250/- reward on CAClubindia.

what is sense of yes or no, just for point..

Please respect this reputed profession and stop making fun of public platform.

It's already told by reputed member to you that stop replying without any base just for points

If you are not Stop this, I have to make complaint to block your account.

1 Like