TMI BlogA registered taxable person has 1000 ITC credited to his electronic credit ledger from the last return under the earlier law. Now, he switches over to composition scheme in GST, will he get refund of that ITC.X X X X Extracts X X X X X X X X Extracts X X X X ..... that ITC. X X X X Extracts X X X X X X X X Extracts X X X X ..... Where payment is made through the electronic credit ledger, excess ITC balance lying, if any, will lapse. The relevant section is section 147.
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