GST Cancellation

Who can apply for cancellation

Process

What we can do

Documents required

Who can apply for cancellation

Sometimes escaping from the game becomes best strategy! Want to cancel or surrender the GST registration, Don't worry you have landed at the perfect place.

There are 3 kinds of persons who can apply for GST cancellation.

Taxpayers Liability to pay tax ended?: If taxpayer was registered under VAT then such taxpayers are required to compulsorily migrate to GST regime. And most of the states had turnover limit for VAT registration as Rs 5 Lakhs. Consequently under GST they are not liable to register till the turnover of 40 Lakhs generally. Hence, they are required to switch to GST and cancel the registration. Other Reasons: The business has been discontinued, transferred fully for any reason including amalgamation with other legal entity, demerger or otherwise disposal of or there is any change in the constitution of the business; or

Tax Officers? may cancel the registration if a registered person has contravened such provisions of the Act or the rules made thereunder as may be prescribed; or a composition dealer has not furnished returns for three consecutive tax periods; any registered person, other than a composition dealer has not furnished returns for a continuous period of six months; any person who has taken voluntary registration not commenced business within six months from the date of registration; registration has been obtained by means of fraud, wilful misstatement or suppression of facts:? NOTE: if officer cancels registration, taxpayers are required to apply for revocation of cancellation and pay the taxes and other amount applicable along with interest and penalty if any. However, no officer will cancel the registration unless he has given an opportunity of being heard to the taxpayer.

Legal Heir in case of deceased taxpayers

Who can apply for cancellation

Sometimes escaping from the game becomes best strategy! Want to cancel or surrender the GST registration, Don't worry you have landed at the perfect place.

There are 3 kinds of persons who can apply for GST cancellation.

Taxpayers Liability to pay tax ended?: If taxpayer was registered under VAT then such taxpayers are required to compulsorily migrate to GST regime. And most of the states had turnover limit for VAT registration as Rs 5 Lakhs. Consequently under GST they are not liable to register till the turnover of 40 Lakhs generally. Hence, they are required to switch to GST and cancel the registration. Other Reasons: The business has been discontinued, transferred fully for any reason including amalgamation with other legal entity, demerger or otherwise disposal of or there is any change in the constitution of the business; or

Tax Officers? may cancel the registration if a registered person has contravened such provisions of the Act or the rules made thereunder as may be prescribed; or a composition dealer has not furnished returns for three consecutive tax periods; any registered person, other than a composition dealer has not furnished returns for a continuous period of six months; any person who has taken voluntary registration not commenced business within six months from the date of registration; registration has been obtained by means of fraud, wilful misstatement or suppression of facts:? NOTE: if officer cancels registration, taxpayers are required to apply for revocation of cancellation and pay the taxes and other amount applicable along with interest and penalty if any. However, no officer will cancel the registration unless he has given an opportunity of being heard to the taxpayer.