we had cancelled out gstin due to change in constitution of business and issued a new gstin for the new pan, we were holding stock on the day of cancellation of old gstin, we dont want to reverse the tax help but to give that tax credit to the new gstin, do i need to bill the new gstin and nill my stock for gstr 10 and if so, what would be late fees and penaly as the old gstin was cancelled on 1st july 2018. can i bill it now in back date, please advice
4 Replies
Mohd Umair
(as an articles assistant)
(24 Points)
Replied 23 February 2020
Login in old gstin and fill ITC -02 form transfer of business n transfer stock n ITC in new gstin
Faris Jalali
(business)
(31 Points)
Replied 23 February 2020
already filed itc 02, what about gstr 10, it is said the every entity voluntarily cancelling their gst registration has to file gstr 10
ARS BHARATHI
(Executive in gst department)
(274 Points)
Replied 23 February 2020
Yes you have to file gstr10 within 3 months from the date of cancellation and the late fee is 200 rupees per day from the date after the due date till the date of filing
Faris Jalali
(business)
(31 Points)
Replied 23 February 2020
i have stock held for the old gstin and would like to give the tax credit to the new gstin and show nil stock in gstr 10, old gstin was cancelled in july 2018, can i make an invoice in back date to give the tax credit
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