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<h1>Cancellation of registration creates tax liability requiring payment equal to input tax credit or output tax, whichever is higher.</h1> A registered taxable person whose registration is cancelled must pay, by debit to the electronic cash ledger, an amount equal to the credit of input tax in respect of inputs held in stock and inputs contained in semi finished or finished goods held in stock or capital goods or plant and machinery on the day preceding cancellation, or the output tax payable on such goods, whichever is higher.
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