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.
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
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
