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

GST TDS refund entitlement when business transfers: claiming TDS deposited after transfer but before cancellation. Question whether and how Cash Ledger balances or GST TDS can be reclaimed when a business is transferred or a proprietor dies, particularly where GST TDS is deposited after transfer but before cancellation. Forum replies stated the legal heir may claim after death and that refund claims are to be filed using Form RFD-01; respondents sought clarification on whether the TDS was income tax or GST TDS, and the petitioner confirmed the issue concerns GST TDS and requests the refund mechanism for post-transfer, pre-cancellation deposits.