GST - unutilised ITC

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Quick Summary
This discussion addresses what to do with unutilised Input Tax Credit (ITC) in the electronic credit ledger when a business cancels its GST registration. While some suggest reversing the ITC by paying tax on closing stock, others clarify that a refund application for unutilised ITC is possible, especially if there's no closing stock. The final return (GSTR-10) also requires disclosure of closing stock and payment of applicable tax.

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Job
48 Points Posted on 13 June 2022
Welcome....... My Pleasure.......
1 Reply
On 13 June 2022 at 11:08
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CFO- at NHTF
15022 Points Posted on 13 June 2022
Suddenly decision changed . What happened
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On 13 June 2022 at 11:10
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Chartered Accountant
44442 Points Posted on 13 June 2022
Clarification from querist available.
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On 13 June 2022 at 11:12
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CFO- at NHTF
15022 Points Posted on 13 June 2022
Then who is wrong ?

How can your cousin reply like that ?
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On 13 June 2022 at 11:26
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126 Points Posted on 13 June 2022
@ Eswar Reddy S - Thank you sir
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On 13 June 2022 at 12:31
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Chartered Accountant
44442 Points Posted on 13 June 2022
Who is my cousin ?????
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On 13 June 2022 at 12:59
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CFO- at NHTF
15022 Points Posted on 13 June 2022
Meenakshi Gandhi
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On 13 June 2022 at 14:59
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Chartered Accountant
44442 Points Posted on 13 June 2022
She is not my cousin, just some known ca from my relations.
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On 13 June 2022 at 15:07
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CFO- at NHTF
15022 Points Posted on 13 June 2022
From reply itself I have understood. What is her final reply?
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On 13 June 2022 at 19:52
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Chartered Accountant
44442 Points Posted on 13 June 2022
👍👍👍
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On 13 June 2022 at 22:30
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CFO- at NHTF
15022 Points Posted on 13 June 2022
👍🏻👍🏻👍🏻👍🏻
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On 13 June 2022 at 23:22
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Chartered Accountant
44442 Points Posted on 13 June 2022
🙏🙏🙏
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On 13 June 2022 at 23:39
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CFO- at NHTF
15022 Points Posted on 14 June 2022
🌹🌹🌹🌹
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On 14 June 2022 at 07:52
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Chartered Accountant
44442 Points Posted on 14 June 2022
🤐🤐🤐
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On 14 June 2022 at 08:32
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CFO- at NHTF
15022 Points Posted on 14 June 2022
🤔🤔🤔🤔
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On 14 June 2022 at 20:38

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