GST NUMBER CANCELLIATION
This query is : Resolved
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.
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.
19 July 2023
sir any tax liability on unsold stock
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- Regarding appeal to GSTAT
- Multiple trade mark
- Regarding TDS Applicability For Director Remuneration
- Transporter Declaration form
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Taxation on Swing Trading Income (No Other Income)
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
