GSTR is cancelled at the request of client and has been approved by the portal with no demand. There is Rs.80000 approx ITC lying in ECL . is there any way to get refund of this.Busines is disconnected.?
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Quick Summary
If your GSTR has been cancelled and you have an ITC balance in your Electronic Credit Ledger, it's generally not possible to claim a direct refund. Refunds are typically restricted to specific scenarios like inverted duty structures or exports. If you've claimed ITC on inputs, you'll likely need to reverse it, and any remaining balance may lapse. It's advisable to contact the GST department with your documentation to explore any potential avenues.
Refund is allowed for export And inverted duty structure only. you have balance in credit ledger it means you have stock in business. if you sale ur goods you don't need to pay gst to government now. so you can't take refund.
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