Manish Gupta (25 Points)
30 June 2021
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 30 June 2021
CA. Heet Shah
(Tax Consultant & Practitioner)
(6178 Points)
Replied 16 July 2021
See U need to cancel the GST Registration No. Once you stop Business or transaction and has no intention to do it further.
Prior to cancellation you need to file all the returns along with appropriate details of ITC available and claim
CA. Heet Shah
(Tax Consultant & Practitioner)
(6178 Points)
Replied 16 July 2021
While applying for cancellation you need to disclose ITc claimed and Stock in hand
Further you need to discharge GST on the stock in hand (which would normally be ITC claimed).
Note: All returns shall be filed by the taxpayer before applying for cancellation
CA. Heet Shah
(Tax Consultant & Practitioner)
(6178 Points)
Replied 16 July 2021
To avoid compliance Non claiming of ITC & showing stock in hand would bring Litigation moreover
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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