Procedure for reversal of amount lying in Credit ledger on cancellation of GST registration certi

The GST registration certificate of one our firm  was cancelled suo moto by the deptt as we took time to  cancel the RC  for several months and filed NIL returns.  We filed all the nil returns  till cancelation month. We had a credit Balance in our credit ledgeer on the portal. Recentrly this return period has come in audit and and we have been called upon  for reversal of  amount in credit ledger.

We wanted and will be obliged by some one helping us procedure in the matter of rreversal of credit ledger amounts after RC is cancelled

Replies (4)
Quick Summary
This discussion addresses the procedure for reversing a credit balance in the GST ledger after a registration certificate has been cancelled by the department. The user is seeking guidance on whether to file a final return or use Form DRC-03 to reverse the amount. Advice suggests that reversing the ITC amount while filing the final month's GSTR-3B is the correct approach.

Either file Final Return or pay the amount through DRC.

.  Reversal of ITC lying in credit ledger by DRC 3 .  Thanks for reply

Welcome Dear. Contact anytime for further help.

while filing final month 3B you can reverse the ITC amount.nothing else need to be done. no due also

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