Sale return_ what if company closes

hiii.

we received some goods from a customer.. actually we will issue a credit note . but if the customer is going to close his company/LLP firm, then what is the situation..
Replies (1)
When you close down your business you need to surrender your GSTN & the closing stock if any lying on the date , the GST need to be deposited.

So , the company either reduces his ITC & paying tax on same or need to Deposit tax on closing balance , it hardly matter, Moreover the company is liable to file return till date of surrender of his GSTN .

So you are required to issue the CNT for goods return & reduce your tax liability

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