Closing the Sole proprietary

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37 Points Posted on 27 January 2021

I want to close the sole proprietary .  filing monthly nil return,

 

1) What is procedure for closing sole proprietary?

2) What i have do for last month GST for after closing ? nil return only.

 

 

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On 27 January 2021 at 20:31 Report
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This discussion outlines the process for closing a sole proprietary business. Key steps include cancelling all business registrations and notifying relevant authorities, such as the GST department. It also clarifies the procedure for filing final GST returns, noting that nil returns are sufficient if there have been no transactions after the closure date.

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Chartered Accountant
24588 Points Posted on 27 January 2021
File gst returns if any due before closing of business if there is any transactions are there in financial year
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On 27 January 2021 at 21:01
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Master in Accounts & high court Advocate
9620 Points Posted on 28 January 2021

The foremost thing for the closure of sole proprietorship business is to apply for cancellation of all registrations which the business holds and the formation of a business closure agreement which is to be sent to all authorities including GST authorities and parties associated with the business.

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On 28 January 2021 at 13:36

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