Refund of balance in Cash Ledger in case of transfer of Business

[sumanta nayak]

How and who can claim refund of balance in Cash Ledger in case of transfer of Business in the following cases:

1.In case of Death of Proprietor

2.If TDS deposited after transfer of business but before cancellation of registration.

[KASTURI SETHI]

In case of death his/her heir can claim.

Regarding TDS, are you talking about TDS Income or GST ? Elaborate your query.

[Shilpi Jain]

A refund application will have to be filed in form RFD-01

[sumanta nayak]

Dear Sir

I am asking about GST TDS.The rule is in case of death the legal heir has to file cancellation within 30 days .Before that he may transfer his business.Now if any party deposited TDS next month after transfer of business but before cancellation of old GSTIN then how to claim the refund of TDS.

Same question in case of only tranfer of business without death

AI Summary

Exploring GST Refund Process for Cash Ledger Balance in Business Transfers: Legal Heir Claims and TDS Refunds via RFD-01 Form. A discussion on the Goods and Services Tax (GST) forum addresses the process for claiming a refund of the balance in the Cash Ledger during a business transfer. The query involves two scenarios: the death of a proprietor and the deposit of TDS after business transfer but before GST registration cancellation. One response suggests that the legal heir can claim refunds in the event of death, while another advises filing a refund application using form RFD-01. The original poster clarifies the query is about GST TDS, seeking guidance on handling TDS refunds in both scenarios.