TaxTMI 
TaxTMI 
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.
Refund of balance in Cash Ledger in case of transfer of Business
26 Sep 2021 
3 Replies 
2913 Views Asked by
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. (AI Summary)
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. (AI Summary)