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Return 10 Filing

Eajaz Ahmad (Accountant) (129 Points)

16 May 2023

Respected Experts,
I have cancelled the GSTIN and received approved letter too.
I have some ITC Balance in Electronic Credit Ledger, how to set this off.
Please help.
Eajax

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6 Replies

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 17 May 2023

File the GST final return with the auto filled details.

You may be eligible for refund.

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B Durga Prasad (Student) (175 Points)
Replied 17 May 2023

To set off the Input Tax Credit (ITC) balance after cancelling your GSTIN:

File GSTR-10: File the final GST return, GSTR-10, within three months of cancellation.
Determine ITC balance: Calculate the remaining ITC balance in your Electronic Credit Ledger.
Adjust against liabilities: Declare your tax liabilities in GSTR-10 and specify the amount of ITC to be set off against them.
File and submit: Submit the GSTR-10 return with the accurate details.
Utilize ITC: The ITC balance will be adjusted against the declared liabilities.
Completion: Once the return is filed and ITC is utilized, the cancellation process is complete.

To learn more about Reduce late filing fees for Form GSTR 10

For more detailed information, visit Swipe Blogs.

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 18 May 2023

File final Return in GSTR 10 as prescribed in Section 45.

disclose closing stock if any & the tax on stock can be adjusted from balance in ECL.

Note : Cannot claim refund

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