GST Registration Cancellation
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GST Cancellation Process in a Few Easy Steps
You may opt for the GST cancellation process if you are permanently shutting down your business, your business activities have shifted entirely to sectors exempt from GST or your business turnover falls below the GST registration threshold. A proprietor, partner or director can begin with cancellation of registration under GST for businesses like sole proprietorships, partnerships or companies.
How to Cancel GST?
After confirming that you want to cancel your GST registration, be ready with the required documents and follow the following steps:
Step 1:
Login to GST portal, navigate to ‘Services’ and select ‘Registration.
Step 2:
Choose 'Application for Cancellation of Registration.'
Step 3:
Fill out the cancellation form and fill in GSTIN, reason for cancellation, and details of stock and tax liability on the cancellation date.
Step 4:
You may withdraw your decision to cancel the GST registration at any time by clicking on 'Withdraw.'
Step 5:
After a successful registration for cancellation, you will get a system-generated ARN and a confirmation message on your email ID and mobile number.
Step 6:
The concerned tax officer will review your application accordingly.
Documents for GST Number Cancellation
- GST Registration Certificate (GSTIN)
- Financial statements
- Invoices and purchase records
- Tax particulars
- Proof of business closure (if applicable)
- Shifting to exempt activity (if applicable)
- Digital Signature Certificate (DSC)
- Electronic Verification Code (EVC) Option
- PAN card and Aadhaar card of the authorised signatory
- Company authority details
- Last return details
If you already have documents for GST registration cancellation, you may proceed to the GST cancellation process.
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How to Revoke GST Cancellation
The government might cancel your GST registration due to non-filing returns and tax evasion. You may apply to revoke the GST cancellation by paying late fees within 30 days of cancellation. For that, fill out the Form GST REG-21. The officer will revoke the cancellation, if your application is appropriate, via the Form GST REG-22. Once the cancellation is revoked, you may cancel the GST number properly or continue filing returns on time.
Final Words
You may consider the GST cancellation process if your business shuts down, falls below the registration threshold or shifts to exempt activities. However, complete the outstanding tax dues, ITC and re-registration fees. Maintain clear records and settle outstanding dues before cancellation. Similarly, consulting a tax professional is highly recommended to ensure a smooth cancellation and minimise drawbacks.
FAQs
May I Register After Completing the GST Cancellation Process?
Yes, you may newly conduct the GST registration if you cancel it. However, if the officer cancels it, you must apply to revoke it. You cannot apply for another GST registration number under the same PAN in this latter case.
When Will My GST Registration Get Cancelled by the GST Officer?
The reasons for cancelling your GST registrations by the officer are a violation of provisions or anti-profiteering provisions.
Who Can Apply for the GST Cancellation?
The legal successors of the business, tax authorities and the taxpayers can apply for GST registration cancellation.
Who Cannot Apply for GST Cancellation?
Holders of Unique Identity Numbers (UIN) and the tax collectors and deductors cannot apply for a GST cancellation.
What Am I Liable to After Cancelling the GST Registration?
You must pay all remaining GST penalties, fines and liabilities after cancelling the GST registration.
