A value-added tax known as the Goods and Services Tax (GST) was implemented in India in 2017. It replaces a number of indirect taxes that the federal and state governments previously imposed on the supply of goods and services at the national level. Depending on the good or service delivered, different rates of GST are applied. If you have a GST registration in India, you can cancel it at any time by getting in touch with the GST cancellation authorities in India.
All firms are required to register for GST under the current system if their annual revenue exceeds the threshold. Depending on their yearly revenue, firms must file monthly, quarterly, or quarterly GST returns after registering. In addition, GST registration is still necessary for products and services that are GST exempt.
GST Registration Cancellation
Your GST registration may be cancelled for a number of reasons. Typical explanations include:
- If your company’s annual revenue is less than Rs. 20 lakhs, you can cancel your GST registration (Rs 10 lakhs for NE and hilly states).
- You can revoke your GST registration if your firm has stopped operating.
- You can cancel your voluntary registration if you’ve already done so by submitting the proper paperwork to the relevant authority.
- When your company’s eligibility for the composite scheme ends, you can revoke your GST registration if it is one.
- You can revoke your GST registration if you accidentally registered or provided false information.
- You can revoke your GST registration if your company is listed under the incorrect category (for example, as a manufacturer when you are merely a trader).
- Your registration may be cancelled if you participated in fraudulent activity.
- Your registration may be cancelled if your GST returns haven’t been submitted in six months.
- Your registration may be cancelled if you haven’t made your GST obligations in three months.
- Your registration may be revoked if the appropriate official has cause to suspect that you are not doing any business.
There are various forms that must be completed at various times:
Form GST REG-16 is used by taxpayers and individuals to revoke registration.
- Sending notices of show-cause cancellation requires the use of Form GST REG 17.
- If a Show Cause Notice answer is needed, utilise Form GST REG-18.
- An order for dissolution must be submitted using Form GST REG-19.
- To request the suspension of the cancellation procedures, use Form GST REG-20.
- You must submit your request to reverse the cancellation using Form GST REG -21.
- When the order revoking the cancellation of the GST registration is issued, Form GST REG-22 must be submitted.
Before cancelling Goods and Services Tax (GST) registration, the following checklist must be completed:
- It is necessary to file and maintain all tax returns.
- Tax debts must all be fully paid.
- There shouldn’t be any open audits or inquiries.
- All locations with GST registration should be closed.
- It is necessary to cancel the Goods and Services Tax with all appropriate authorities.
1. What is a revocation of cancellation?
The term “revocation” refers to the formal cancellation of a choice or commitment. Revocation of GST cancellation of registration denotes reversal of the cancellation decision, which maintains the registration’s validity.
2. When is a revocation of Cancellation applicable?
This only applies when a tax official voluntarily cancels the registration of a taxable person. Within thirty days of the cancellation order’s date, this taxable person may request to the officer for the cancellation to be revoked.
3. Is it possible to cancel the GST number?
For specific reasons, the registration granted under GST may be revoked. Either the department may decide to cancel the registration on its own initiative, or the registered person may request that their registration be cancelled. The legal heirs of a registered individual may request cancellation in the event of death.
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