Electronic credit balance and gst cancellation

This query is : Resolved 

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.

06 December 2023 What is the procedure to pay gst for the remaining stock?

06 December 2023 While Filing Final Return you can pay the Tax or while applying for Cancellation you can reverse the amount or you can file DRC-03

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