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Refund of ITC while closing the business
Dear sirs, Is there any procedure to take refund of ITC which was paid under rule 86B of gst. Now the client wants to cancel/close his business. plse advise
Replies (7)
No refund allowed.
I do not think so.
No such refund is allowed under GST.
The balance ITC shall lapse.
Even you have to file Final return and declare tax on your stock.
Hy Aslam, I have one solution for this. kindly check your inbox. I'm leaving the details there.
It can be managed in a seperste way. Another business has to be opened and the same
No this is not solution
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