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January 28, 2020 at 6:05 am

After cancellation of GST no of a composition dealer,what return we need to file for final assessment and what is the position of closing stock.whether we have to pay 1% of the stock???

January 28, 2020 at 10:57 am

COMPOSITION DEALER CANCELLATION OF REGISTRATION,  NOT REQUIRED FINAL RETURN FILED.

KINDLY VERIFY GST PORTAL SERVCIES – NOT SHOWS FINAL RETURN TAP.

 

 

January 28, 2020 at 3:54 pm

Hello Mr.Balaji,

Rightly said by Mr.Ramesh Subramanian, As per Section 45 of the CGST Act, 2017 Cancellation return is to be filed by dealers who file return u/s 39.It is not applicable for Non-resident taxable persons, casual taxable person and composition dealer etc.,

Since the composition dealer is not claiming ITC, reversal of closing stock and paying GST is not needed

Thank you

Regards
Srividya
Team TNGSTP