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Cancellation of registration procesure
We applied for cancellation of GST registration with no stock and no tax liabilty except one commercial vehicle for which no input tax credit taken was available on us. Now my question is what about the commercial vehicle now in our hand?.
Replies (6)
Is business closed ?
What is the purpose of cancelling GST registration?
What is the purpose of cancelling GST registration?
Yes sir. business closed., No sales and purchase for the last three months, nil return filed.
If it is proprietorship business then you may retain the commercial vehicle for personal use or you may sell it
@ P Murugan,
As per Your query and reply...
No more issues in GST. You can use the vehicle as per Your way...
But,
What about income tax view...??
If You are shown the same as FA then You may practice as usual...
As per Your query and reply...
No more issues in GST. You can use the vehicle as per Your way...
But,
What about income tax view...??
If You are shown the same as FA then You may practice as usual...
Cancellation of gst registration.
You can claim depreciation on vehicle if you are contuining your business only GST number is cancelled. To discuss in detail you can contact me 9024 nintyone 5488. Thanks
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