GST Registration Cancellation+ Scrutiny under ASMT-10

[Roedl Partner]

Dear Sir/Madam,

If the company has received an order of cancellation of GST registration, and GST department issues scrutiny as per FORM ASMT-10, can the company use the balance lying in the Electronic Credit Ledger even after cancellation of registration? Are there any practical difficulties involved in the process??

 

AI Summary

GST Registration Cancellation Blocks Electronic Credit Ledger Use, Mandates Final Return and Tax Settlement for Existing Stock A company facing GST registration cancellation and receiving ASMT-10 scrutiny cannot use the remaining balance in the Electronic Credit Ledger. Upon cancellation, the company must file a final return, pay tax on existing stock, and cannot offset future liabilities. Limited refund options exist under specific conditions, but general use of credit ledger is prohibited after registration cancellation.