banner_ad

What is Tax Payable on Stock in Cancellation of GST of Registration?

Registration 437 views 4 replies

Dear Experts,

I am a Composite taxpayer under GST and my September, 19 return is filed. My annual turnover is below the GST threshold limit i.e. Rs. 40 lakhs every year. That’s why I am going to cancel my GST registration under the reason for cancellation ‘Ceased to be liable to pay tax’ and the date from which registration is to be cancelled is 01.09.2019. My stock value is Rs. 710000/- as on 01.09.2019 and I purchase goods @ 5% GST. What should I enter in the Tax Payable on Stock table in the Cancellation details step? See the image attached for better understanding.


Attached File : 1497443 20190929184805 tax payable on stock 2.jpg downloaded: 102 times
Replies (4)
But .Composit Dealer Are Not required to Pay Tax on Stock .

@ Pankaj Rawat, so I can leave that table as it is. Right?

Even though you furnish the stock detail it wont ask you for tax to be deposit
@ Pankaj Rawat, you are absolutely correct sir.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details