Excess money in cash ledger refundable even two yrs after paying GST: CBIC

Those who have excess  money  lying in the cash ledger for the purpose of paying goods and services tax (GST) would be able to take it out even after two years of the date of paying tax, a move that would ease the cash flow of the companies. Currently, assessees cannot take the refunds of this  money  after two years. That time bar has been lifted by the government. The Central…