GST Registration Cancellation
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Basic Plan
- Completely managed GST registration cancellation service with Expert Support.
- Applicable for entities with no activities.
Standard Plan
- Completely managed GST registration cancellation service with Expert Support and filing of last GST Return.
Premium Plan
- Completely managed GST registration cancellation service with Expert Support and filing of last GST Return and responding to any notice.
Documents Required For GST Registration Cancellation
GST Registration Cancellation
The GST registration cancellation in India is a process that needs to be followed by those who want to cancel their registration under the GST regime. Get all the information you need to know about GST registration cancellation, including the documents required and the steps involved.
GST registration cancellation is important because it ensures that businesses are no longer liable for paying GST on their supplies. This can save businesses a lot of money, particularly if they're making significant changes to their operations.
The process of cancelling GST registration is relatively simple, and can be done either online or offline. However, it's important to make sure that all the necessary documentation is in order before beginning the process.
What is GST Registration Cancellation
GST registration cancellation is the process of surrendering your GST registration. This can be done either online or offline, and requires the submission of certain documents.Process of GST Registration Cancellation
- The registered person must apply for cancellation in Form GST REG-14 on the common portal, furnishing the reasons for seeking cancellation
- An officer not below the rank of Joint Commissioner will cancel the registration; and
- A notice of cancellation will be issued to the registered person in Form GST REG-15, specifying the date from which the registration will stand cancelled.
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Documents required for GST Registration Cancellation
- Application for Cancellation in Form GST REG-14;
- Grounds for seeking cancellation; and
- Any other documents that may be prescribed by the Board from time to time.
Voluntary GST Cancellation
If a person or entity with GST registration wishes to cancel their GST registration, they must submit a cancellation request in Form GST REG-16. After reviewing the application, if the GST Officer is satisfied, he or she will issue an order to terminate GST registration in Form GST REG-19. Some of the top reasons for voluntary GST registration cancellation are when a business is transferred, when a business is amalgamated, when a business merges, when a business leases or when there is a change in the constitution of the business.Cancellation by GST Officer
If an officer has grounds to cancel a GST registration, the officer will issue a show-cause notice in Form GST REG-17. The show-cause notice will ask the person who registered the goods or service to provide evidence that they are no longer using the goods or service. If the person does not respond to the show-cause notice, then the officer may take appropriate action, such as suspending or cancelling the registration.If a taxpayer has failed to file GST returns continuously, or if an assessee has voluntarily registered for GST but did not start a business within six months, an GST officer can start the cancellation process. If the registered taxpayer has broken one or more sections of the GST Act or its Rules, or if the GST registration is obtained through deception or malicious misrepresentation, then the officer may start the cancellation process.
When is GST Registration Cancellation required
As per the GST law, a registered person can cancel their registration voluntarily under certain conditions. These conditions are as follows:- The registered person has not undertaken any business activity since registration; or
- The aggregate turnover of the registered person during a financial year is below the threshold limit prescribed for compulsory registration; or
- The registered person wants to cancel their registration on account of change in business circumstances such as change in constitution, ceasing to exist, amalgamation, etc.
What are the benefits of GST Registration Cancellation
There are various benefits of cancelling GST registration which are as follows:- It helps in saving compliance cost as a registered person is required to file monthly/quarterly/annual return even if there is nil tax liability;
- Reduces the working capital blockage as input tax credit cannot be availed on unutilized inputs and input services unless the supplier has uploaded invoices on the common portal; and
- Helps in reducing the overall paperwork as a registered person is also required to maintain certain documents like sales register, purchase register, stock register, etc.
Step-by-step guide to cancelling GST Registration
The process for cancelling your GST registration is as follows:- Login to the GST Common Portal with your user ID and password.
- Navigate to the Services > Registration > Application for Cancellation of Registration option.
- Fill in the required details and upload the necessary documents.
- Submit the application and take note of the ARN (Application Reference Number) generated.
- An officer will verify your application and supporting documents, after which your registration will be cancelled. You will receive a cancellation certificate via email or post.
Cancelling GST Registration online
You can also cancel your GST registration online through the GST Common Portal, by following these steps:- Login to the portal with your user ID and password.
- Navigate to the Services > Registration > Online Cancellation of Registration option.
- Select the reason for cancellation from the drop-down menu and enter all other required information.
- Submit the form and take note of the ARN (Application Reference Number) generated.
- Your registration will be cancelled within 15 days from date of submission, after which you will receive a cancellation certificate via email or post.
Cancelling GST Registration offline
If you prefer, you can also cancel your registration offline by submitting a signed physical copy of Form GST REG-14 to your concerned tax authority, along with any other required documents.We we have given you a better understanding of GST registration cancellation in India. If you have any further questions, please don't hesitate to get in touch with us.
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FAQ
If you don't see an answer to your question, you can send us an email from our contact form.
A substance at risk to be enlisted under GST ought to apply for enrollment under GST in the span of 30 days from the date on which the element becomes responsible to enlist for GST. Relaxed available people and non-occupant available people are expected to be enlisted under GST, preceding starting business.
No. An element working in numerous states should get enlisted independently for every one of the States from where an available inventory of labor and products is made.
The method has been given in the GST gateway to relocation of existing help expense or VAT or focal extract to GST. Substances enlisted under old expense regulations should finish GST movement obligatorily to acquire GST.
The technique has been given in the GST gateway to movement of existing help expense or VAT or focal extract to GST. Substances enrolled under old assessment regulations should finish GST relocation compulsorily to get GST.
YES. PAN is obligatory for ordinary citizens and easygoing available people to be enlisted under GST. Be that as it may, PAN isn't compulsory for a non-inhabitant available individual for acquiring enlistment.
When the GST certificate is conceded, the enrollment is valid until it's given up or dropped, or suspended. Just GST certificates gave to non-resident available people and easygoing available people have a validity period.
No, an unregistered individual without GSTIN can't gather GST from clients or guarantee an info tax break of GST paid.
After submission of the GST application with every one of the expected reports, GSTIN is dispensed inside 7 working days.
Total turnover is the total worth of every available stockpile, excluded supplies, commodity of labor and products, or both and between State supplies of an individual having a similar PAN. Total turnover does exclude CGST, SGST, IGST, and GST less.
GST certificate is given by the Government just in delicate duplicate arrangement. When GSTIN is allocated, the GST testament can be downloaded from the GST Portal whenever by the citizen.
As per the most recent update, the due date is additionally stretched out by CBIC by means of GST Notification 04/2021 | CBIC broadens the due date of GSTR 9 and 9C for FY 2019-20 to 31st March 2021
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