GST registration can be canceled by the registered person or by the GST officer, or by the registered person's legal heirs in case of death of the person under GST. GST registration cancellation means that the person will not be registered under GST anymore, and he will not have to pay or collect GST.
GST registration can be canceled by a GST officer or voluntarily by the person registered under GST. The taxpayer will not pay GST anymore if he cancels the GST registration.
If an individual is still carrying out business after surrendering the GST registration, it will be an offense under GST, and heavy penalties are applicable. There will be no requirement to furnish any GST return.
Before the cancellation of registration, the Officer would issue a notice to the taxpayer whose GST registration is liable to be canceled, requiring show cause within seven working days from the date of service of such notice.
The registered person can reply to the show cause notice within the prescribed time, or the GST registration can stand canceled.
GST registration cancellation can be initiated by the person registered under GST under Section 29 of the CGST Act under the following circumstances:
The taxpayer for canceling GST registration must apply through FORM GST REG 16. The legal heirs of the deceased taxpayers will also follow the same procedure.On submission of an application for cancellation of 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.
With our experienced and skilled personnel, We at UpriseLegal makes process of GST Cancellation very smooth and helps you in each and every step at a very affordable prices. You don’t have to worry on GST Cancellation, as UpriseLegal is there to provide all the assistance that you need.We follow law to the core and uses our knowledge to avoid any hassles in your business so that you can rise and grow! You may get in touch with our compliance manager on 9173512402 or email us at [email protected] for free consultation.