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I have unutilised ITC in GST.
if I don't use it can I claim the cash refund of it ?
thank you.
Abinash Panda (80 Points)
04 March 2023
Mayank A Jain
(Chartered Accountant)
(968 Points)
Replied 04 March 2023
No. There is no mechanism to claim refund of unutilized ITC unless you have exports, SEZ supplies or deemed exports. Further, you can claim refund under inverted duty structure also.
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