Cancellation of GST
Cancellation of GST
If you are GST registered person/your business is registered under the law and you not
want to run business more or shutting your business/profession/unit or GST not
applicable on you or death of the registered person or in the event of merger/acquisition
then you can go for cancellation of GSTN (Goods and Services Tax Number). After
GST cancellation you not have to pay or collect GST or claim input tax credit and
accordingly, need not file GST returns. Before applying for GST registration
cancellation, the taxpayer is required to file all the GST returns. If non-compliance
concerning GSTR-3B return or GSTR-1 or GST annual return, the overdue must be filed
before initiating the GST cancellation process.
The cancellation can either be initiated by the department on their own motion or the
registered person can apply for cancellation of their registration. In case of death of
registered person, the legal heirs can apply for cancellation. In case the registration has
been cancelled by the department there is a provision for revocation of the cancellation.
On cancellation of the registration the person has to file a return which is called the final
return.
Final Return
Every person whose registration has been cancelled are required to file a final GST
return in Form GSTR-10 within three months of the date of cancellation or the date of
order of cancellation, whichever is later. This is done to ensure that the taxpayer is
devoid of liabilities which could have been incurred under Section 29 of the CGST Act.
Non-Acceptance Of Cancellation Application
After submitting the GST cancellation application, the application can be approved, and
the registration would stand canceled on the date mentioned in the order.
In some instances, the concerned Officer may decide to reject the application if:
The submitted application is incomplete.
In the transfer, merger, or amalgamation of business, the new entity has not
registered with the tax authority before applying.
In such circumstances, the concerned Officer provides intimation in writing to the
applicant regarding the discrepancy’s nature.
The applicant is required to respond to the same within seven days of the date of
receipt of the letter. If the applicant fails to do the same, he may reject the
application after providing him/her with an opportunity to be heard.
Benefits of GST cancellation
Save you from prosecution and penalties
Participation in good governance
No need to file returns
Save your time and energy
PROCESS WE FOLLOW
Select the service
Pay for the service
Sales expert will call you & guide you for documentation
Preparation of documents and send you for signing or authorization
Documents submission with the department for approval
Confirmation on successful registration or completion of work
Option 1
- Consultation by expert
- Compilation of documents and information
- Preparation and filing of application of cancellation
- Handovering cancellation certificate
Option 2
- Consultation by expert
- Compilation of documents and information
- Filing of pending returns
- Preparation and filing of application of cancellation
- Handovering cancellation certificate
Option 3
- Consultation by expert
- Compilation of documents and information
- Filing of pending returns
- One Class III DSC (under Individual category with 2 Year Validity)
- Preparation and filing of application of cancellation
- GST registration certification
- Government payment receipt if any
- Liasoning with department for escalating approval
- Handovering cancellation certificate
