GST - cancellation of registration

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260 Points Posted on 07 October 2022
Client has discontinued the business. from the past 3 tax periods we have filing nil get returns. client doesn't have any stock either.

now, we have a balance of 7000 in electronic credit ledger...

now, how should I treat the balance available in electronic credit ledger while submitting the application for cancellation...

please clarify....
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On 07 October 2022 at 22:10 Report
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Quick Summary
A user is seeking guidance on how to manage a £7,000 balance in their electronic credit ledger when applying to cancel their GST registration. The business has ceased trading and has filed nil returns for the past three periods with no remaining stock. Advice suggests applying for a GST refund before proceeding with the cancellation.

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CFO- at NHTF
58280 Points Posted on 08 October 2022
Accumulated ITC .

You may also apply for GST refund and then apply for cancellation of registration
5 Reply
On 08 October 2022 at 03:39
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260 Points Posted on 08 October 2022
Got it. thank you sir @ Eswar Reddy S
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On 08 October 2022 at 07:12
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CFO- at NHTF
58280 Points Posted on 08 October 2022
👍🏻👍🏻
1 Reply
On 08 October 2022 at 08:39

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