Upgrade and Save: Get 10% OFF on CAclubindia Pro Subscription! Use Code: SAVE10 Subscribe Now!

GST surrender with dues

venkatesan (business) (57 Points)

22 December 2022

we have stopped business for 1.5 years. but we have outstanding to be received from the dealers. can we surrender the GST as we have no plans to start again.

Reply
Follow
Share

4 Replies

Sravan Yelagandula (Employee) (87 Points)
Replied 22 December 2022

File all the returns and pay any dues like late fee and apply for cancellation.

Outstanding dues to be received by you from your dealers has no bearing on GST cancellation as it will be your problem to collect the dues. But if you not paid GST owing to the dues you have not received, then the liability is on you to file the returns.

Pls note that this is according to my knowledge. Lets wait for other experts to answer

Upgrade to CAclubindia Pro. Subscribe Now!

venkatesan (business) (57 Points)
Replied 23 December 2022

Thank you

sabyasachi mukherjee (27151 Points)
Replied 24 December 2022

How can u surrender gst dues?

venkatesan (business) (57 Points)
Replied 24 December 2022

We don't have any GST dues to Govt. But from my purchasers only. In future if any case we opt for legal battle is it possible if we surrender our GST number?