Menu
ITC refundable in shut down business
it is already decided that the business will be shut down, in this case if any ITC remain unutilised will be refundable if yes then what is the time period for making an application.
Replies (4)
Time limit for filing refund claim Any person claiming the refund of the GST tax, or the interest paid should make an application within a period of two years from the relevant date using the Form GST RFD-01 electronically.
But in refund chapter there are no any provision is given in such type of case for refund of ITC
Refund not allowed in this case
If business is shut down then the remaining ITC shall not be refundable
Recent Threads
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
Related Threads
CAclubindia
