How to cancel the gst registration?
Is there any payment to department
Cancellation of GST registration
F ZONE (9 Points)
26 January 2019
9 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 26 January 2019
Cancel online ... under registration tab , select cancel registration (form Reg16)
If you are have closing stock have to deposit tax on the same .
If you are have closing stock have to deposit tax on the same .
Mohit lodhi
(student)
(952 Points)
Replied 26 January 2019
1. You have to reverse the ITC on closing stock and capital goods from the electronic credit ledger and balance should be paid in cash while filing application for cancellation.
2. If your place of business is rented place then while applying cancellation, details for future correspondence address should be different from the principle place of business.
3. All returns should be filed till the effective date of cancellation.
2. If your place of business is rented place then while applying cancellation, details for future correspondence address should be different from the principle place of business.
3. All returns should be filed till the effective date of cancellation.
pritesh
(CA Final student)
(7101 Points)
Replied 27 January 2019
Dear mohit sir
while filing application i need to reverse the itc on closing stock or while filing annual return gstr 10 we need to reverse that sir,?
while filing application i need to reverse the itc on closing stock or while filing annual return gstr 10 we need to reverse that sir,?
Mohit lodhi
(student)
(952 Points)
Replied 27 January 2019
At any time you can reverse it.
It is better to reverse while filling application otherwise department will not approve the application.
It is better to reverse while filling application otherwise department will not approve the application.
Lalit Pandey
(Indian Business Researcher)
(313 Points)
Replied 27 January 2019
yes only due payments of tax and cancellation fees need to pay on this process.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 27 January 2019
Yes Mr mohit is correct as per current scenario , your registration will not get aprroval for cancellation if Any liabilities is pending. But ... as per Amendment Act 2018 (31) dtd.29.8.2018, can reverse ITC on stock by filing final return GSTR 10 as the provision of Act is not notified yet hence currently have to clear all your liabilities while cancellation process only
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