Biz Registration provides information and services regarding GST REGISTRATION CANCELLATION. We help businesses cancel their GST Registration to acquire tax-free status. GST Registration Cancellation is a procedure to cancel your GST Registration in India. The taxpayer is not required to submit a GST return to the GST Department or to pay or collect GST.
Who is able to revoke a GST registration?
• The person who registered himself
• A GST employee
• In the event of the registered individual's passing, the legal heir of the registered person may submit an application.
• Before the year from the date of GST Registration has passed, those who applied for voluntary registrations may request that their applications be canceled.
When should your GST registration be canceled?
• If you registered voluntarily, your revenue is under 40 lakh (from 1 April 2019), and you do not want to file a return.
• if your business has shut down
• If the business has been sold or otherwise transferred to another entity. The opposite party must file a GST registration.
• If your obligation to register for GST has expired.
• PAN changes due to a change in the business's organizational structure.
• If you voluntarily registered for GST but did not start a business within the allotted time.
How to Cancel Your GST Registration:
1. Access the GST portal by browsing the official GST website.
2. Go to "Application for Cancellation of Registration"
3. Fill in the information,
4. Confirm the reason for the GST registration cancellation.
5. Verify the details.
NOTE - In the event that a taxpayer has generated an invoice, GST REG-16 must be filled out in its place. The tax officer shall issue the order to cancel GST registration within 30 days of receiving a GST REG-16 from a taxpayer.