cancellation of registration


Vikas Mahajan   05 December 2018

Vikas Mahajan

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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.

avater

PEP CONSULTANCY   05 December 2018

PEP CONSULTANCY

 9 likes  110 points

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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

Vikas Mahajan   05 December 2018

Vikas Mahajan

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can i pay it debiting electronic credit ledger

avater

pritesh (CA Final student)     05 December 2018

pritesh
CA Final student 
 383 likes  7007 points

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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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