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GSTN Cancellation and ITC

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Deepika Garg

114 Points Posted on 13 February 2023

Pls give your opinion: We have filed for GSTN Cancellation w.e.f. 31.12.2022 on dated 15.01.2023. But we received one invoice for ITC on 31.01.2023. Can we avoid that invoice and file NIL GSTR-3B, as firm is closed from 31st December.

Replies (2)

Quick Summary

A business filed for GSTN cancellation effective 31st December 2022 but received an Input Tax Credit (ITC) invoice on 31st January 2023. The query is whether they can avoid this invoice and file a NIL GSTR-3B return since the firm has been closed. The general consensus is that if the firm genuinely ceased operations on 31st December, no further taxable transactions occurred, and thus such an invoice should not be claimed. Filing returns for periods after cancellation approval will also be disabled.

Ayush

Executive

11944 Points Posted on 13 February 2023

If your firm has indeed been closed since December 31, 2022, and you have no further taxable transactions after that date, then you would typically need to file NIL returns.

CA Rashmi Gandhi

Chartered Accountant

44487 Points Posted on 13 February 2023

If cancellation date is 31.12.2022 then no need to claim such invoice. Also Jan period return filing will be disabled after getting approval. So, wait for cancellation.