GST registration cancellation procedure
By: – CA.VINOD CHAURASIA
Goods and Services Tax – GST
Dated:- 31-8-2017<\/p>\n
Introduction: Through GST migration process, all the taxpayers registered under existing laws have been automatically migrated to GST regime. But the exemption threshold limit for registration under GST has been increased to ₹ 20 Lakhs. Such persons below taxable limit apply for cancellation of registration or may be cancelled by proper officer on his own motion for the reasons prescribed u\/s 29(1) of CGST Act, 2017. This article discusses in detail about GST registration cancellation procedure.
\nConditions for cancellation of GST Registration
\n * Cancellation by the registered person himself
\n A registered GST person can himself\/herself cancel their registration in one of the following conditions:
\n * If your turnover is not more than 20 lakh and you have registered on the portal, but you do not want to file the return. Then, you should get it deactivat<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n the right to cancel the registration with retrospective effect. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n by the proper officer to issue a formal order for cancellation of registration. The order is to be sent within 30 days from the application date or from the date of response in GST REG 18 form. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" GST registration cancellation procedureBy: – CA.VINOD CHAURASIAGoods and Services Tax – GSTDated:- 31-8-2017 Introduction: Through GST migration process, all the taxpayers registered under existing laws have been automatically migrated to GST regime. But the exemption threshold limit for registration under GST has been increased to ₹ 20 Lakhs. Such persons below taxable limit apply for … Continue reading “GST registration cancellation procedure”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7525","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7525"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7525\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\nIf the GST registration of a seller is cancelled with retrospective effect, it may result in denial of credits to the buyers who have purchased from such dealers.
\nThe concerned person will receive a legal notice showing the cause of registration and will be given an opportunity to explain themselves before the actual cancellation.
\nThe following persons are allowed to cancel a GST registration:
\n * The registered person himself
\n * A proper GST officer
\n * The legal heir of the registered person can request cancellation through an application, in case of death of the person
\nThe voluntary registrations can only be cancelled after one year or more from the date of GST registration.
\nPayment of Pending Tax after cancellation
\nThe GST cancelled person will have to pay all the dues and liable taxes prior to cancellation.
\nThe person will have to pay his due taxes either by reversing the input credit in semi-furnished\/furnish<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nApplication for Revocation of Cancellation of registration by proper officer – Sec 30 of CGST Act & Rule 23
\n * Submit an application in Form GST REG-21 for revocation of cancellation of registration within 30 days from the date of service of the order of cancellation of registration
\n * Application for revocation cannot be filed if cancellation is on account of failure to furnish returns or failure to pay liability unless such return is filed \/ liabilities are discharged.
\n * For justified reasons, PO shall revoke cancellation of registration within 30 days of application or receipt of clarification by passing an order in Form GST REG-22.
\n * For unjustified reasons, PO shall issue SCN in Form GST REG-23.
\n * Reply shall be filed in within 7 days in Form GST REG-24.
\n * For justified reasons,<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n