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Return 10 Filing

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Eajaz Ahmad

Accountant

125 Points Posted on 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

Replies (6)

Quick Summary

If you've cancelled your GSTIN and have a balance in your Electronic Credit Ledger, you must file the final GST return, GSTR-10, within three months of cancellation. You can use this remaining Input Tax Credit (ITC) to offset any tax liabilities declared in your GSTR-10. If you have no stock and no liabilities, the ITC balance may lapse as refunds are generally not claimable after cancellation.

Eswar Reddy S

CFO- at NHTF

15022 Points Posted on 17 May 2023

File the GST final return with the auto filled details.

You may be eligible for refund.

B Durga Prasad

Student

125 Points Posted on 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

29904 Points Posted on 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