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GST registration cancellation in case of Restaurants

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Yasir

article assistant

500 Points Posted on 05 December 2022

i want to cancel my GST registration which is taken for doing the business of restaurants
i have ITC balance of Fixed Purchase.what is the process of cancel the gst registration and Balance ITC

Replies (4)

Quick Summary

This discussion explains the process for cancelling a restaurant's GST registration, particularly when there's an Input Tax Credit (ITC) balance. Key steps involve filing all pending returns, adjusting any ITC against tax liabilities, and then submitting Form GST REG-16 for cancellation. Following approval and payment of any outstanding tax, a final return (GSTR-10) must be filed to complete the cancellation.

prasad Nilugal

GST Practitioner & Accounts

15146 Points Posted on 05 December 2022

You have to File all returns till date of cancellation , adjust ITC against Tax Payable. then file GSTR 10 . GSTR 10 is for Cancellation of GST registration.

CA Aakarsh Jain

10436 Points Posted on 05 December 2022

I can do it for you. Please check your inbox.

prasad Nilugal

GST Practitioner & Accounts

15146 Points Posted on 06 December 2022

Please correct my earlier reply as above file all returns then Before filling GSTR10 , you have to file GST Reg - 16 from on GSTN portal,for Application for Cancellation of GSTN , then after approval and payment of Tax , File Final return GSTR-10 .