06 December 2023
Hi! I have a gst number which i took this year on April month for ecommerce business. But now i want to register for cancellation as from last 4 months i have no sales and i am closing my business. I have filed all returns including NIL return. But I have credit ledger balance in my account. So Please suggest can i register for cancellation or not? what should i do now. Also i have some stock left. Thank you.
06 December 2023
If you have some stock left on which input has been claimed, you have to reverse the inputs held in stock as on the date of cancellation.
CAclubindia
