Unutilized ITC GST Refund: Get What You Deserve with Easy GST Refund
Businesses across India often face a common challenge — unutilized Input Tax Credit (ITC) piling up in their books. This unused credit locks up your working capital and can affect the financial flow of your business. The good news? You are entitled to a GST refund on unutilized ITC, and Easy GST Refund is here to make the process seamless for you. What is Unutilized ITC? Input Tax Credit (ITC) is the credit you earn on the GST paid on purchases of goods and services used in your business. However, when your output tax liability (the GST you collect on sales) is less than the input tax, the remaining balance becomes unutilized ITC. Common reasons for unutilized ITC include: Exports under LUT without payment of tax Inverted duty structure (GST rate on inputs is higher than outputs) Accumulation due to exempted or nil-rated supplies How Can You Get a Refund? Under GST law, you're allowed to claim a refund of unutilized ITC in eligible cases. However, the process requires careful docu...