Cancellation OF GST Registration

Cancellation of GST registration means that the taxpayer will not be a GST registered person any more. He will not have to pay or collect GST. GST registration cancellation is different from GST Registration amendment and we can help you cancel a GST registration in India through an online process.

GST registration can be cancelled voluntarily by the person registered under GST or by a GST officer.

An Officer under following conditions can cancel a GST registration:

1. If the GST registered entity does not conduct any business from the declared place of business
2. Issues invoice or bill without supply of goods or services in violation of the GST Act
3. If an entity having GST registration has continuously not filed GST returns for six months.

Voluntary cancellation by the registered person:

As per Section 29 of the CGST Act, the person registered under GST in the following circumstances can initiate a GST registration cancellation:

1. Discontinuance or closure of a business
2. Change in the constitution of business, which results in a change of PAN
3. Turnover reduces below the threshold limit for GST registration
4. Death of the sole proprietor
5. For any other reason, proper justification has to be provided in the application.

Final GST Payment:

While applying for GST cancellation, the applicant is required make any overdue GST liability as per the GST returns filed. The final GST payment can be made through the GST electronic credit or cash ledger or during the filing of final GSTR-10 return.

Consequences for not cancelling GST Registration:

After obtaining GST registration, if there is no business activity, the taxpayer needs to initiate GST cancellation. If the registration is cancelled by the GST department, then the applicant would not be eligible to obtain another GST registration under the same PAN.

If the Government cancels the registration, the taxable person will have to first apply for revocation of GST registration cancellation by paying the late fee and after restoration, cancel the GST properly or continue filing GST returns. Therefore, it is advised to voluntarily cancel the registration at the earliest in case of no business activity.

MyDBiz is the market leader in GST Registration & Cancellation services in India. Before we get started with the engagement, all the required information and documents are collected. An engagement manager would be assigned who will be the point of contact till the engagement is completed. The average time required to complete a GST Cancellation is 6-8 working days depending on the government processing time and client document submission.

For more information, feel free to contact us at info@mydbiz.com or call us at +91 9632 993 993.