https://www.taxtmi.com/article/detailed?id=14778 Whether a registered person may obtain a refund of accumulated, unutilized Input Tax Credit (ITC) on business cessation depends on the interplay between the ledger-refund mechanism and the specific restriction on ITC refunds. Section 49(6) routes electronic ledger balances to the refund regime while Section 54(3) restricts refunds of accumulated ITC to specified situations; resolving closure-based claims requires examining lawful accrual of ITC and whether the statutory refund architecture permits converting that accrued balance into a cash refund. en-us Wed, 09 Jul 2025 08:52:22 +0530 Wed, 09 Jul 2025 10:56:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14778 Whether a registered person may obtain a refund of accumulated, unutilized Input Tax Credit (ITC) on business cessation depends on the interplay between the ledger-refund mechanism and the specific restriction on ITC refunds. Section 49(6) routes electronic ledger balances to the refund regime while Section 54(3) restricts refunds of accumulated ITC to specified situations; resolving closure-based claims requires examining lawful accrual of ITC and whether the statutory refund architecture permits converting that accrued balance into a cash refund. Articles Goods and Services Tax - GST Wed, 09 Jul 2025 08:52:22 +0530 https://www.taxtmi.com/article/detailed?id=14778