https://www.taxtmi.com/article/detailed?id=17442 Cash disbursement of a sanctioned GST refund is required where permanent business closure and surrender or cancellation of registration make re-credit of input tax credit in the Electronic Credit Ledger unusable. Although the normal refund mechanism releases only the cash-paid component in cash and re-credits the ITC-debited component, that mechanism presumes a going concern with future tax liabilities. Where the ledger has become non-functional, no statutory prohibition prevents payment of the sanctioned amount in cash or to the taxpayer's bank account, with applicable interest in accordance with law. en-us Tue, 22 Sep 2026 08:21:50 +0530 Tue, 22 Sep 2026 08:21:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17442 Cash disbursement of a sanctioned GST refund is required where permanent business closure and surrender or cancellation of registration make re-credit of input tax credit in the Electronic Credit Ledger unusable. Although the normal refund mechanism releases only the cash-paid component in cash and re-credits the ITC-debited component, that mechanism presumes a going concern with future tax liabilities. Where the ledger has become non-functional, no statutory prohibition prevents payment of the sanctioned amount in cash or to the taxpayer's bank account, with applicable interest in accordance with law. Articles Goods and Services Tax - GST Tue, 22 Sep 2026 08:21:50 +0530 https://www.taxtmi.com/article/detailed?id=17442