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Tax on closing stock when a GST registration is cancelled ?

Registration 325 views 1 replies
Whether gst is to be paid on the value of closing stock when a gst registration is cancelled ?

if yes , on what rate ??

would the ans be same if the assessee is a compostion taxable person
Replies (1)
No..... when the composit dealer surrender his GSTN the GST not ,applicable on Stock.
As per Rule 20 of CGST , Other than Person Registered as TDs deductor or collector & person granted registration under Rule 17 (Embassy -Unique Identity Number) is required to Pay GST on Stock lying on the date of cancellation


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