An Assessee has received the closure order from the GST department. However there was stock available as on the date of closure order which the assessee intends to sell at cost or less. The credit is also available in the ECL. Can the sales be reported in GSTR10. If yes then how.
Also CA certificate is required for the same.
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Stock available and sold after GST cancellation can be shown in gstr10 final return
Replies (4)
I don't know what you ask exactly.
Bcoz, Assessee received closure order fro GSTN. Then how can available the ITC in ECL...
Bcoz, Assessee received closure order fro GSTN. Then how can available the ITC in ECL...
ITC is available because stock is available it is not sold and closure is done because of personal reasons.
| Originally posted by : Dhruv Jain | ||
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ITC is available because stock is available it is not sold and closure is done because of personal reasons. |  |
If closure Your GSTIN then ITC will be reverse at the time of Close/Cancel of GSTIN.
Also Tax will be calculate based on stock and tax is excess on the available ITC then It will be payable as per Stock.
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