20 July 2020
I have filed GST cancellation application form 16 in June. I have already filed all returns till June and no GST liability is due. All the tax is paid in March. No business transaction occurs in April, may and june. I have received some clarification notice from department on my cancellation application. Below is the query: Tax Details: Others (Please specify) - ADMISSIBLE TAX ON PROFIT WILL NOT DEPOSIT IN CASH SET OFF Can anyone please tell me what does it mean and what to reply on this. All the business stock is nil and no tax liability at the time of applying cancellation application. Reason of cancellation was closure of business.