Expert Legal Advice for Your Business annual compliance
GST cancelation
Cancellation of registration under GST
You can cancel your GST registration if the GST rules don’t apply to your business or you are shutting it down, or the tax officer calls for cancellation. This article will guide you through the different types of cancellations, and the overall process.
Consequences of GST registration cancellation
- The taxpayer will not pay GST anymore
- For certain businesses, registration under GST is mandatory. If the GST registration is cancelled and business is still continued, it will mean an offence under GST and heavy penalties will apply.
Who can cancel the GST registration?
The below infographic guides you on who can call for the cancellation of GST registration-
Application for cancellation, in case of voluntary registrations made under GST, earlier could have been made only after one year from the date of registration. This provision stands rescinded.