Does cancellation of registration impose any tax obligations on the person whose registration is so cancelled?

Question 45 – Draft-Bills-Reports – Registration – FAQ on GST (2nd Edition) dated 31.3.2017 – Question 45 – Q 45. Does cancellation of registration impose any tax obligations on the person whose registration is so cancelled? Ans. Yes, as per Section 29(5) of the CGST/SGST Act, every registered taxable person whose registration is cancelled shall pay an amount, by way of debit in the electronic cash ledger, equivalent to the credit of input tax in respect of inputs held in stock and inputs conta

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