ITC after cancellation of gst no.

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288 Points Posted on 11 October 2021
sir
I want to surrender my gst regn.because my business is closed before more than 2 year's.
but there's ITC in my ledger's
how can I get it back .
please guide me

thanking you
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On 11 October 2021 at 12:32 Report
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Quick Summary
If you've closed your business and wish to surrender your GST registration, you can't directly claim a refund for any Input Tax Credit (ITC) remaining in your ledger. Instead, the ITC must be adjusted against your outward supply GST. It's crucial to file all pending returns before applying for the cancellation of your GST registration.

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114 Points Posted on 11 October 2021

You can't take any ITC refund, you Can only adjust with your Outward supply GST

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On 11 October 2021 at 13:06
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GST Practitioner & Accounts
15150 Points Posted on 11 October 2021
Also you have to file all returns , before applying for cancellation of GST registration .
1 Reply
On 11 October 2021 at 13:12

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