Unutilized itc of gst on closure of business

As per rule 44, on closure of business, ITC on inputs and capital goods should be reversed.

ITC on inputs unutilized shall be reversed proportionately & unutilised ITC on capital goods to be reversed as per remaining useful life. 

The reversal shall form part of output tax liability & details to be furnished in Form GST ITC 03.

Refer rule 44 for more details.