Answer

1. F

   Facts

   Yes. Sec 49(6) allows any balance in the electronic cash ledger, after paying tax, interest, penalty, fee and other dues, to be refunded under Sec 54. The claim is filed in RFD-01 under the category Excess Balance in Electronic Cash Ledger.

2. P

   Provisions and law

   • Sec 49(6), CGST Act 2017Balance left in the cash or credit ledger after paying dues may be refunded under Sec 54
   • Sec 54(1), CGST Act 2017Refund to be claimed within two years from the relevant date
   • Rule 89, CGST Rules 2017Application for refund in RFD-01 with the prescribed statements
3. A

   Analysis

   Cash builds up when you deposit more than needed, pay twice, or receive TCS or TDS credit that exceeds your liability. If you have regular liabilities, the balance will be used next month anyway. If it is large or you have stopped business, a refund makes sense.

4. C

   Conclusion

   1. 1Check the cash ledger balance by head
   2. 2Keep enough for upcoming liabilities
   3. 3File RFD-01 for the excess under the correct category
   4. 4Track the application to RFD-06 and payment

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.