how to calculate gst liability on stock during the gst cancellation ??
Replies (3)
Quick Summary
This discussion addresses how to calculate Goods and Services Tax (GST) liability when cancelling your GST registration. It specifically asks about calculating this liability based on the purchase value of stock and the process of reversing any input tax credit (ITC) claimed. The query also considers the scenario where there are no remaining stock balances at the time of cancellation.