GST NUMBER CANCELLIATION
This query is : Resolved
Quick Summary
satish kumar Chauhan
(Querist)
19 July 2023
Dear experts
I am a regular taxable person under GST and my turn over is less than 40.00 lac in last F.years and the stock as on 31.03.2023 was Rs 35.00 Lac and i want to close my business in current FY. Can i cancel GST number. In that case any GST liability to be paid.
Thanks in advance for reply.
I am a regular taxable person under GST and my turn over is less than 40.00 lac in last F.years and the stock as on 31.03.2023 was Rs 35.00 Lac and i want to close my business in current FY. Can i cancel GST number. In that case any GST liability to be paid.
Thanks in advance for reply.
CA R SEETHARAMAN
(Expert)
19 July 2023
Yes you can cancel GST registration.
You have to file GST return upto date and pay any GST upto date.
You have to file GST return upto date and pay any GST upto date.
satish kumar Chauhan
(Querist)
19 July 2023
sir any tax liability on unsold stock
CA R SEETHARAMAN
(Expert)
19 July 2023
No supply of goods is taking place at the time of closure of business, therefore, no GST is applicable on the same.
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