Dear Experts,
I have two queries...
First one is regarding 'No dues Certificate' from GST Department which is required for Company's liquidation process. Whether we need to submit any application to PO to get that or Cancellation certificate should work as NDC ?
Second one is regarding ITC which are lying in ECL of Company, is any treatment required with ITC if we process to cancel GST Registration ?
Thank You !
GST Department Won't Issue No Dues Certificate; No Refunds for Unutilized ITC on GST Cancellation. Petition GST Council. A forum participant inquired about obtaining a 'No Dues Certificate' (NDC) from the GST Department for a company's liquidation process and the treatment of Input Tax Credit (ITC) in the Electronic Credit Ledger (ECL) when canceling GST registration. An expert clarified that the GST Department does not issue an NDC, and a cancellation certificate cannot substitute for it. For ITC, while refunds were possible pre-GST, the current regime lacks provisions for cash refunds of unutilized ITC. Another expert agreed, suggesting that taxpayers should petition the GST Council for refund provisions in such scenarios. (AI Summary)
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