Closing stock declaration in REG-16 or GSTR 10 Or "Both"?

This query is : Resolved

Anonymous (Querist)
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14 January 2020 Dear Experts,

While applying for cancellation of GST Registration No. in form GST REG-16 do we have to specify the details of closing stock with payment arising on it..

Or we have to give invoice-wise details in form GSTR-10 with payment?

Or both? (But then payment/setoff in which form if both?).

Thanks.

CA Ashutosh Khaitan

CA Ashutosh Khaitan (Expert)
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02 February 2020 Hi,

In form REG-16, you need to provide the values of closing stock and make the payment arising due to claim of ITC.
In form GSTR-10, document wise details are required to be provided.
Out of the total liability arising out of declaration made in GSTR-10, any amount paid in form REG-16 would be reduced and only the net amount is required to be paid.