The process of cancelling for GST is quick and easy. Get expert assistance to complete your GST cancellation in just one day.
1. In the event that a individual who is registered under the regular scheme has failed to file GST Returns for a consecutive period of 6 months.
2. In the event that a individual who is registered under the composite scheme has failed to file GST Returns for a consecutive period of 3 months.
3. If someone has chosen to register for GST under a business name but has not engaged in any trade within the 6 months following the date of registration.
4. If someone has obtained GST registration through deceitful methods, their GST Certificate will be immediately cancelled with retrospective effect.
5. If any instances of GST tax evasion are discovered from the taxpayer’s end, their GST Certificate will be cancelled as a suitable legal action.
6. If a GST registrant has violated any rules or provisions as stated in the CGST Act 2017, they will be subject to statutory cancellation of their GST.
There are certain situations that may compel a taxpayer to opt for surrendering their GST registration. Here are some cases where a tax assessor may choose to go through the procedure of GST cancellation:
1. Accidental registration for GST, which could result in unnecessary GST liability
2. If an individual’s turnover is below 20 lakhs and they have registered under GST, they can decide to cancel their GST registration
3. When a business undergoes dissolution or amalgamation, following the GST cancellation procedure becomes necessary to avoid receiving tax notices from the government
4. If the government increases the threshold for GST registration and you no longer fall under that category, you have the option to cancel your GST registration in India
5. In the event of a takeover bid, it is crucial to surrender the GST registration, or else the GST tax liability will continue to be attributed to the previous owner’s name.
After the 28th GS, you can check the status of your GST cancellation.
After the 28th meeting on Goods and Services Tax (GST), the government has made significant modifications to the procedure for canceling GST registration. Moving forward, the GST certificate will be promptly suspended upon submitting an application to surrender GST registration. Consequently, there will be no obligation to pay GST once you have initiated the cancellation process for your GST registration.
Step 1: Submit your GST information and reasons for cancellation through the online platform.
Step 2: Seek guidance from our business consultant regarding the process of surrendering your GST registration.
Step 3: Once you place an order, one of our committed experts will be assigned to handle your application.
Step 4: Our expert will submit FORM GST REG-16 to the GST department on your behalf.
Step 5: Upon successful submission, our team will provide you with an acknowledgment receipt. Step 6: After verifying the provided information, the GST cancellation status will be changed to ‘canceled’.
1 – GST certificate.
2 – Reason for Cancellation
