CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Cancellation of gst registration


Manish Sharma   11 August 2020

Manish Sharma

 10 points

| My Other Post

dear team i am file cancell my gst registration application two times but officer denied the application and recd a notice that clear the liabilities

but in portal there is no liability.
but itc balance remaining on portal
pls guide me accordingly

avater

Sagar Patel (Tax and Business Consultant)     11 August 2020

Sagar Patel
Tax and Business Consultant 
 836 likes  9114 points

View Profile | My Other Post

Are you filed all the returns (i.e GSTR1/3B) up to date as required to be filed before cancellation of GST registration ?

avater

Manish Sharma   11 August 2020

Manish Sharma

 10 points

View Profile | My Other Post

Yes all filled

priyanka pal   11 August 2020

priyanka pal

 6 likes  100 points

View Profile | My Other Post

If taxable person cease to be a taxable person then business assets deemed to be supplied by him. so I think you have to pay tax on balance input and capital goods lying on the date immediately before cancel registration

avater

Manish Sharma   11 August 2020

Manish Sharma

 10 points

View Profile | My Other Post

In cash or adjust in credit

priyanka pal   11 August 2020

priyanka pal

 6 likes  100 points

View Profile | My Other Post

You can adjust with credit ledger and balance itc will lapse

avater

Manish Sharma   11 August 2020

Manish Sharma

 10 points

View Profile | My Other Post

How can adjust pls provide

avater

Sagar Patel (Tax and Business Consultant)     11 August 2020

Sagar Patel
Tax and Business Consultant 
 836 likes  9114 points

View Profile | My Other Post

"Furnishing details of closing stock/capital Goods held at the time of ceasing the business and paying tax thereon is required to be done after cancellation of GST registration in form GSTR 10 final Return."

This process is required to be done after cancellation order not before cancellation/apply for cancellation.

Note : In your case, you have to contact your jurisdiction officer for clarification regarding liability/rejection.

2 Like

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  




Popular Discussion


view more »



Trending Tags
GST Live Class    |    x