Transfer of Amt to bank account

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133 Points Posted on 10 May 2021
Hi All,
In my gst portal credit ITC amt available .

can I transfer this amt to my bank account.

if yes, HOW ??
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On 10 May 2021 at 18:27 Report
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Quick Summary
This discussion addresses whether it's possible to transfer available Input Tax Credit (ITC) from a GST portal directly to a personal bank account. The consensus is that this is not permissible. You cannot directly withdraw your ITC balance as cash into your bank account.

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Chartered Accountant
24588 Points Posted on 10 May 2021
No you cannot transfer ITC balance to your bank account
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On 10 May 2021 at 18:43
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Practice
1361 Points Posted on 10 May 2021
No. this is not possible.
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On 10 May 2021 at 19:45

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