Input tax credit doubt

🙏
I have unutilised ITC in GST.
if I don't use it can I claim the cash refund of it ?
thank you.
Replies (2)
Quick Summary
This discussion addresses a common query regarding unutilised Input Tax Credit (ITC) within the GST system. The consensus is that a direct cash refund for unused ITC is generally not possible. Refunds are typically only available under specific circumstances, such as for exports, supplies to Special Economic Zones (SEZs), deemed exports, or when eligible under an inverted duty structure.

Yes sir sure

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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