Closer of business
This query is : Resolved
k.b.nagesharao
(Querist)
21 March 2018
shall we close the business before 31st march and surround er gst registration. we are dealing in taxable goods and as on the date there is no stock on hand.
thanks in advance
K.B.NAGESHA RAO
9448826793
thanks in advance
K.B.NAGESHA RAO
9448826793
Nikhil Kaushik
(Expert)
21 March 2018
if you are shutting down your business, then yes you can apply for surrender of GST registration
21 March 2018
Yes... You can surrender / Cancel your GSTIN..
But, Before you settle Your all liabilities under GST...
30 October 2026
Apply in REG-16 with the closure date after filing all returns up to that date, pay an amount equal to ITC on any capital goods still held (Sec 29(5) applies even with no trading stock), and file the final return GSTR-10 within 3 months of the cancellation order.
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