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.

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.