Closing stock declaration in REG-16 or GSTR 10 Or "Both"?
This query is : Resolved
14 January 2020
Dear Experts,
While applying for cancellation of GST Registration No. in form GST REG-16 do we have to specify the details of closing stock with payment arising on it..
Or we have to give invoice-wise details in form GSTR-10 with payment?
Or both? (But then payment/setoff in which form if both?).
Thanks.
While applying for cancellation of GST Registration No. in form GST REG-16 do we have to specify the details of closing stock with payment arising on it..
Or we have to give invoice-wise details in form GSTR-10 with payment?
Or both? (But then payment/setoff in which form if both?).
Thanks.
CA Ashutosh Khaitan
(Expert)
02 February 2020
Hi,
In form REG-16, you need to provide the values of closing stock and make the payment arising due to claim of ITC.
In form GSTR-10, document wise details are required to be provided.
Out of the total liability arising out of declaration made in GSTR-10, any amount paid in form REG-16 would be reduced and only the net amount is required to be paid.
In form REG-16, you need to provide the values of closing stock and make the payment arising due to claim of ITC.
In form GSTR-10, document wise details are required to be provided.
Out of the total liability arising out of declaration made in GSTR-10, any amount paid in form REG-16 would be reduced and only the net amount is required to be paid.
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