Gst Cancelation

This discussion addresses the process of cancelling GST registration for a textile retail business operating under the Composition Scheme. Key questions revolve around whether tax is payable on stock held at the time of business closure and the necessary documentation for cancellation. While there's some initial confusion, the consensus is that tax on stock is generally not required, and the focus shifts to applying for cancellation and filing the final GST return (GSTR-10), though composite dealers may have specific exemptions.