Income tax, GST, PF, ESI, creditors
Closure of Business
Quick Reference for Your Business
Clean Exit for Any Entity - everything you need to know about Closure of Business.
How Each Entity Is Closed
| Entity | How to Close |
|---|---|
| Proprietorship | Surrender GST/registrations, file final ITR, close accounts |
| Partnership firm | Dissolution deed, settle dues, intimate Registrar of Firms |
| LLP | Strike-off via Form 24 (after clearing filings & liabilities) |
| Private Limited | Strike-off via STK-2 (Sec 248), routed to C-PACE |
What Must Be Done First
ROC, GST, IT - up to date
and satisfy open charges (CHG-4)
GST, professional tax, licenses
approving closure
Note: A clean closure protects you from future liability. Simply stopping business does not end your compliance - unfiled returns and live registrations keep generating penalties. Close it properly: clear dues, file everything, then strike off. Under CCFS-2026, overdue company filings get a 90% waiver and STK-2 is at 25% fee if done before 15 July 2026.
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