Hello sir/ Ma'am,
I had cancelled gst registration, at that time i had stock in house so i utilize my ITC against closing stock at the time of cancellation of gst registration.
Department send notice for clarification after 4.5 month and given 15 days time for reply. such time lapse and i can't reply on Or before given time period.
Department rejected my cancellation request. but such ITC utilized. at the time of cancellation will not reward back to my E-credit ledger...
is this a technical error of portal Or I hv to claim such amount in GSTR-3B?
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ITC utilized against Closing stock at the time of cancellation of gst registration
Replies (4)
Quick Summary
Maximum periode of itc as per an invoice was 6 months,then itc may block by ur supplier.u can not avail itc with interest.
if u paid itc on closing stock as per invoice, after cancellation of rc ,u may get it from ur recipient.
if u paid itc on closing stock as per invoice, after cancellation of rc ,u may get it from ur recipient.
Utilization of Itc cannot be made unless the stock is sold to someone.
It's very obvious.
It's very obvious.
ITC will lapse in case of closure of business.
Business existence is not there so it's immaterial to hv input credit.
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