Hii I have more ITC in electronic credit leadger this are all in purchase input so if it is possible to claim refund, im not sale export and sez. otherwise if possible plz guide us.
Replies (2)
Quick Summary
This discussion clarifies that claiming a refund for excess Input Tax Credit (ITC) in the electronic credit ledger is generally not possible unless specific conditions are met. Refunds are restricted as per Section 54 of the CGST Act, and typically only apply to exports or supplies to Special Economic Zones (SEZs), which are not the case here.