Menu
ITC Reversal
What is the procedure of itc reversal of capital goods in case of cancellation of gst on account of closure of business?
Replies (1)
You are required to Reverse the Proportionate ITC for remaining useful life of capital Goods (taking 5 Year as useful life) in form GSTR 10 final Return to be filed after cancellation of Registration.
Recent Topic
- SBI direct mutual funds ITR
- 44AE Section
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
- SBI gold bond interest
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
- Calculation of IT
- CA FINAL FR IndAS 33 Doubt(Corrected)
Related Topics
CAclubindia
