Cancellation of ISD number

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2 Points Posted on 28 June 2020
Last date of April month return for ISD is 30th June 2020. We will cancel our registration before 30th and keep the cancellation date 1st April. Does we need to file the April month return?
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On 28 June 2020 at 20:40 Report
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Quick Summary
This discussion clarifies the requirements for cancelling an Input Service Distributor (ISD) registration. If you plan to cancel your ISD registration effective from 1st April 2020, you will not need to file the return for April. It's important to note that stock is not considered for ISD cancellation as it relates to distributing Input Tax Credit (ITC) for common expenses.

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Student
1321 Points Posted on 28 June 2020
If you're canceling W.E.F 1/4/2020.
Return filing is not required.
1 Reply
On 28 June 2020 at 22:45
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4215 Points Posted on 29 June 2020
At the time of cancellation stock should be nill
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On 29 June 2020 at 08:34
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Assistant Manager
787 Points Posted on 30 June 2020
For ISD stock ll nt be considered. it is input service distributor. it's the mechanism to distribute ITC relating to common ITC. Therefore goods not be considered
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On 30 June 2020 at 01:47

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