Refund of itc

can I refund the itc on purchase from the gst portal (credit ledger)
Replies (4)
Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) on purchases can be refunded via the GST portal. While generally you cannot directly refund ITC from the credit ledger balance, it is possible to claim a refund of unutilised ITC under specific conditions outlined in Section 54 of the CGST Act. These conditions typically involve having made outward supplies against which the ITC can be adjusted.

No you cannot get ITC refund on credit ledger balance
Yes , you can get unutilised ITC refund from the e-credit ledger provided your outward supply should fulfill certain conditions.
No.... you cannot .
Refund can be claimed subject condition provided in section 54 of CGST Act.

You cannot get refund on Input tax credit( ITC ) on purchases unless you have sales against which such ITC can be netted off

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register