1. Balance in the cash ledger should be sufficient
2. File RFD- 01 A and select the reason of Refund as ‘Refund on account of excess balance in cash ledger’.
3. Mention the amount of refund to be claimed in RFD- 01A and submit the form.
4. Once Application Reference Number (ARN) is generated, take a print of ARN and submit to the Jurisdictional Authority manually.
In case of FORM GST RFD-01A, there is no restriction on claiming refund amount from Cash Ledger. However, law specifies that the refund of excess amount in Cash Ledger can be permitted only if amount is greater than Rs. 1000/.
Do you think CBDT should extend Tax Audit Report and relevant ITR Due Date? Please Comment, Vote, Retweet and Like.— Tax Guru (@taxguru_in) September 18, 2018