A Company is registered in different States under GST, having Branches in those States. The Company used to raise Invoices to their Branches (cross billing) by charging IGST. But, the outward Supply in those States is not so much that could utilize the ITC of IGST, being accumulated due to the "cross Billings" and huge amount is lying in "IGST Credit Ledger" being unutilized.
Now, the query is that - whether Refund of this unutilized ITC Credit of IGST can be taken under the GST Laws...?
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Refund of Unutilized ITC
Replies (2)
Quick Summary
Hi,
under GST you cannot take refund of ITC . However you can very well transfer the credit to other location by following below:
1. raising service bill
2. Bill to Ship to model from client side
Thanks,
Mohit
8335093446
under GST you cannot take refund of ITC . However you can very well transfer the credit to other location by following below:
1. raising service bill
2. Bill to Ship to model from client side
Thanks,
Mohit
8335093446
No .... you cannot claim refund from credit Ledger except the condition prescribed in Section 54 of CGST Act .
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