Overview of GST Cancellation

The GST Cancellation Procedure allows businesses to voluntarily cancel their GST registration if they become dormant or fall below the required turnover thresholds. Additionally, a GST officer may cancel the registration if a business fails to comply with GST regulations. Once GST registration is cancelled, the individual or entity is no longer obligated to file GST returns or collect GST.

At BizMantra, we provide a seamless and hassle-free GST Cancellation Procedure service. Our experienced team understands the complexities involved and is equipped to guide you through every step. From clarifying prerequisites for cancelling GST registration to ensuring timely submissions and compliance, you can rely on us to make the process smooth and uncomplicated.

GST Registration Cancellation

When the GST Cancellation Procedure is initiated, the individual or entity is no longer identified as a GST-registered taxpayer. This termination means they are not required to collect, submit, or pay GST. Furthermore, they cannot claim input tax credits, and the obligation to file GST returns is lifted.

The Importance of Timely GST Cancellation

If no business activity occurs after acquiring GST registration, it is crucial for the taxpayer to initiate the GST Cancellation Procedure promptly. Failure to file GST returns and allowing GST registration to lapse prevents the taxpayer from applying for a new GST registration using the same PAN.

 

If the government cancels a GST registration, the taxable person must first apply for the cancellation to be revoked by paying any late fees. Following restoration, the taxpayer must appropriately cancel the GST or continue filing GST returns.

 

Therefore, once GST registration is obtained, it is essential to monitor compliance. If there is no commercial activity, apply for GST Cancellation Procedure as soon as possible.

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Criteria for GST Cancellation: Who Can Apply?
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The following individuals can apply for GST Cancellation:

 

By the Taxpayer : Taxpayers holding a GST registration can voluntarily start the cancellation process if they deem it unnecessary or meet specific cancellation criteria.

 

By Tax Authorities : If tax officials find non-compliance with GST rules or inconsistencies in a taxpayer's records, they can cancel the GST registration by issuing a show-cause notice through Form GST REG-17.

 

By Legal Successors : In cases where a taxpayer passes away, the legal successors or heirs can submit a request to annul the deceased's GST registration.

Procedure for Cancellation of GST Registration

The GST Cancellation Procedure involves several steps, whether initiated by the taxpayer or enforced by GST authorities:

 

Form GST REG-16 :Taxpayers can apply for voluntary cancellation through Form GST REG-16 on the GST portal.

 

Form GST REG-17 :If initiated by the GST authorities, they issue a notice through Form GST REG-17.

 

Final Return : After cancelling GST registration, the taxpayer must file a final GST return on Form GSTR-10 within three months.