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DEAD STOCK
I have cancelled my gst registration in April 19 after that my stock has been dead how to handle dead stock in FY 2020-21
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If you still have the stock, you are legally obligated under Section 29(5) to pay the tax/reverse the ITC corresponding to those goods. You must report this in your GSTR-10 (Final Return). If you haven't filed this return yet, prioritize getting your accounts in order and filing it as soon as possible to minimize potential penalties for non-compliance.
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