Find
Before or after applying for cancellation, file all returns and the final return GSTR-10, pay all dues, and then claim the remaining cash balance as a refund. Earlier dues remain payable after cancellation under Sec 29(3).
GST
Clearing the cash ledger before closing the business
Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
Provisions
Sec 29(3), CGST Act 2017; Sec 49(6), CGST Act 2017; Sec 45, CGST Act 2017
Analysis
Use the cash to pay any late fee, interest or demand first. Then claim the rest. Keep the bank account in the registration open until the refund arrives; a closed account is the most common reason closing businesses lose small refunds.
Close
- File pending returns and pay dues from the cash balance
- Apply for cancellation and file GSTR-10
- Keep the registered bank account open
- File RFD-01 for the remaining balance
Connect now
A Savvy replies in minutes.
Fixed price before you pay. Your Savvy is paid only after you accept the work.
General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.