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:
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:
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.
Cancellation of GST Registration for entities with no business activities, inclusive of government fee and taxes.
Cancellation of GST Registration along with last GST returns filing, inclusive of government fee and taxes.
Cancellation of GST Registration along with responding to any notice and last GST returns filing, inclusive of government fee and taxes.
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.
ASC Online Services Pvt. Ltd. 2024 All Rights Reserved.
Our Services ( Setting Up A Business ): Sole Proprietorship Business Registration | One Person Company Registration | Partnership Firm Registration | LLP Registration | Private Limited Company Registration | Limited Company Registration | Producer Company Registration | Section 8 Company Registration | Nidhi Company Registration | C-Corp or LLC Registration in USA
GOODS & SERVICES TAX (GST) Services: GST Registration | GST Annual Return Filing | GST Letter of Undertaking (LUT) Filing | Casual Taxable Person GST Registration | GST Registration for Non-Resident Taxable Person | GST Registration Cancellation
We use cookies to analyze website traffic and optimize your website experience.