i had a hotel business,but now i leased my property to some company so now i want to cancel my registration but i have 100000 itc in electronic credit ledger but at the time of cancellation they asked for payment regarding itc in stocks and capital goods.
so please advise on that context.
cancellation of registration
Replies (3)
If you have taken itc on stock available as on the date of cancellation, you need to pay the tax on itc availed on such stock
can i pay it debiting electronic credit ledger
ITC payable on stock will be adjusted 1st with your credit Ledger thn if any payment is balance you have to pay through cash Ledger.
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