Sikkim HC: No Refund of Unused ITC on Business Closure u/s 54 CGST; Must Reverse u/s 29(5) - 09.09.2025

Sikkim HC ruled that unutilised Input Tax Credit (ITC) on business closure under Section 54 CGST Act cannot be refunded. Instead, it must be reversed U/S 29(5). The Court held that accumulated credit on closure must be paid via debit in the electronic ledger denying refunds u/s S. 49(6) & 54.

Tags : CGST Debit Electronic Ledger

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