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closure of GST registration
wef 01/04/19 few of of my clients want to cancel their registration under GST as it will be less than 40 lakh TO P.A. weather they have to pay GST for their closing stock incuding capital goods as on 31/03/2019.
Replies (5)
yes You will have to pay the tax on closing stock
Thank you
the same type of case where the partnership firm is dissolved and the closing stock as on 31/03/2019 is transferred to one of the partnership out of 4 partners and that one parner by holding that stock will get a new registration under GST w.e.f. 01/04/2019 can you explain whether to discharge GST liability on closing stock.
the same type of case where the partnership firm is dissolved and the closing stock as on 31/03/2019 is transferred to one of the partnership out of 4 partners and that one parner by holding that stock will get a new registration under GST w.e.f. 01/04/2019 can you explain whether to discharge GST liability on closing stock.
No , you cant cancel registration
why we can't cancel the registration when the partnership firm itself dissolved as on 31/03/2019
Before applying for cancellation of GST Reg. one have to ensure that all its returns are filed and any taxes liable on the stock has been paid.
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