GST Surrender Or Cancel

Sometimes after obtaining GST Registration, may need to be cancelled for some reason. The following are the most common reasons for cancellation of GST Registration :

Voluntary Cancellation
 

• Applied for GST Registration wrongly


• A closure of business,


• No requirement to pay GST,


• Transfer of business,


• Change in the constitution due to change in PAN Card


• Transfer business on account of merger, amalgamation, de-merger, sale, lease or otherwise.


• Business does not commence or is no longer required to be liable to work as a registered entity


• No business activity.


• Non-Voluntary / SUO Moto Cancellation
  
  Subject to provisions of the act and on giving a sufficient opportunity to the taxpayer to exhibit his case, a tax official at any time with the can issue an SUO MOTO order for cancellation of GST registration for the following reasons :


• When the registered business is conducted from a place other a registered/declared place of business.


• On the death of proprietor or authorized individual of business.


• If the taxpayer defaults or operates its business against the provisions of the GST Act,2017.


• When business is not commenced by the taxpayer after registration up to a certain time-frame.


• If the taxpayer is found in default of provisions related to invoicing of goods and services in GST.


• Any other act as he deems suitable for cancellation or timely prescribed in the act
• As GST returns would no longer have to be filed monthly, surrendering a GST registration will reduce the compliance requirement for the taxpayer.
  
  An application must be submitted on the GST Common Portal in FORM GST REG-16 along with the required information to cancel a GST registration.The GST officer is required to verify the application and issue an order in FORM GST REG-19, within 30 days from the date of application.
  
  Application for cancellation, in case of voluntary registrations made under GST, can be made only after one year from the date of registration.
  
  Revocation of GST Registration Cancellation
  
  The application for cancellation of GST registration can be relocated within 30 days of the issue of cancellation order, even if the cancellation is requested by the taxpayer himself or if initiated by the proper officer.
  
  For reasons stated by the taxpayer, the officer can either accept or reject the application stating the further reason through a Show Cause Notice.