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Yes. Excess balance in the electronic cash ledger can be claimed as a refund through RFD-01 on the portal. You can also leave it for future payments.
GST
Refund of excess balance in the cash ledger
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Provisions
Sec 54(1), CGST Act 2017; Rule 87, CGST Rules 2017
Analysis
Example: you deposited Rs 50,000 twice for the same month and have Rs 50,000 extra. File RFD-01 choosing the excess cash ledger balance category and the amount by head. The amount is debited from the ledger on filing and refunded after approval. If you will need the money next month, leaving it may be simpler.
Close
- Check the cash ledger balance
- Decide whether to keep it or claim refund
- File RFD-01 under excess balance in cash ledger
- Track the refund status
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