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How to trf input tax credit in bank while submission for cancellation of GST

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monika pal

40 Points Posted on 07 July 2023

Dear all,

I have to cancel my GST registration as we already have wind up the business.

There is Input tax credit available in our credit ledger and we want to trf that credit in our bank account.

can anyone advise how i can do this. what is the process.

or what we can do with that input if any other option available.

thanks in advance.

Replies (3)

Quick Summary

A user is looking to cancel their GST registration as their business has wound up. They have input tax credit (ITC) available in their ledger and want to know the process for transferring this credit to their bank account. They are seeking advice on how to do this, or if there are any alternative options for utilising the remaining ITC.