Cancellation of GST Registration

 



The GST registration is mandatory to every person/business with an annual turnover of 20 lakhs or more and the person making the inter-state transactions of taxable goods/service however the person who is already registered can opt for GST Cancellation also in given scenarios:


1. If the annual turnover of the business falls under the threshold limit.

2. If the person discontinued the business.

3. If there is a change in the constitution of business.

4. If the person has transferred or merged the business with any other organization.


For the cancellation, taxpayers have to submit FORM GST REG-29 through the GST portal. When the application of cancellation is approved by the proper officer then the registered person has to file the final return GSTR- 10 on GST portal within three months of the date of cancellation or date of order of cancellation by the officer whichever is later.



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4. If the person has transferred or merged the business with any other organization.

Location: Thane, Maharashtra, India

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