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IncorpX

Your partner from St... • 24d

In cases of business closure where there’s unutilized Input Tax Credit in the electronic credit ledger, the best course of action is to first attempt filing a GST refund application (Form GST RFD-01) before initiating the cancellation process. Although the law doesn’t clearly allow refunds upon closure, certain judicial precedents have supported refunds in such scenarios. So filing for a refund before cancellation increases the chances of approval. Regards Team IncorpX

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