Unutilized ITC refund: Section 49(6) interpretation permits refund on business closure under GST procedural framework.
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. (AI Summary)

Additional State cess on intra State supplies targets unregistered recipients, raising compliance and commercial restructuring risks.
Kerala imposed a time limited Kerala Flood Cess on specified intra State supplies to unregistered recipients, excluding supplies between registered persons, exempt supplies, certain low rated supplies and composition dealer supplies. The levy follows GST valuation rules with cess excluded from GST value, applies defined rate bands for categories of goods and services, and uses State rules and the tax portal for filing and administration while existing KSGST/CGST procedures govern assessment, appeals and recovery. (AI Summary)