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Refund of electronic credit ledger

ITC / Input 325 views 4 replies
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3 Points Posted on 07 May 2020

Can refund of electronic credit legder be granted in bank account of registered person?

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On 07 May 2020 at 19:55 Report
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4 Points Posted on 07 May 2020
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On 07 May 2020 at 21:35
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Indirect taxes
131 Points Posted on 07 May 2020
Dear Mam,

ITC refund (electronic credit ledger) can only be claimed for zero rated supplies and inverted tax structure. Form GST rfd 01 has to be filed to get the refund in bank account
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On 07 May 2020 at 22:20
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GST Practitioner
55067 Points Posted on 08 May 2020
Refund is always credited into Bank account of taxpayer . But Refund from Credit Ledger can be claimed only as per condition prescribed in Section 54 of CGST Act
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On 08 May 2020 at 00:11
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Chartered Accountant
12739 Points Posted on 08 May 2020

Refund of CREDIT is allowed only in 2 cases 

1. Zero rated supplies 

2. Inverted Tax Structure 

40 Reply
On 08 May 2020 at 07:21


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