https://www.taxtmi.com/forum/issue?id=117213 Whether a registered person may obtain a cash refund of a closing balance of Input Tax Credit on cancellation of registration is contested: some responses assert ITC ceases on cancellation and surplus credit must be reversed, noting refunds are admissible only under specific heads and ITC must meet entitlement conditions; others cite Cenvat-era precedent allowing refund on closure and note that taxpayers have sought similar outcomes under GST, though advance rulings have met varied success. en-us Wed, 12 May 2021 12:37:46 +0530 Thu, 23 Jan 2025 15:54:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117213 Whether a registered person may obtain a cash refund of a closing balance of Input Tax Credit on cancellation of registration is contested: some responses assert ITC ceases on cancellation and surplus credit must be reversed, noting refunds are admissible only under specific heads and ITC must meet entitlement conditions; others cite Cenvat-era precedent allowing refund on closure and note that taxpayers have sought similar outcomes under GST, though advance rulings have met varied success. Discussion-Forum GST Wed, 12 May 2021 12:37:46 +0530 https://www.taxtmi.com/forum/issue?id=117213