GST Registration Surrender or Cancellation– Complete Process


Posted December 14, 2019 by charucorpaid

Easily surrender or cancel a GST registration online with Expert support. Dedicated expert Advice on cancellation of gst registration.
 
Easily surrender or cancel a GST registration online with Expert support. Dedicated expert Advice on cancellation of gst registration.
Phone No. +91 91122 55597
Website : https://www.gstregistrationonline.org/surrender-gst

What is Surrender of GST Registration?
Most persons or entities who supply goods and/or services in India have a GST registration. After obtaining GST registration, sometimes a GST registration may need to be cancelled. Some of the most common reasons for cancellation of GST registration are closure of business, no requirement to pay GST, transfer of business, change in constitution and no business activity. Surrendering a GST registration will reduce the compliance requirement for the taxpayer, as GST returns would not longer have to be filed monthly. To cancel a GST registration, application must be submitted on the GST Common Portal in FORM GST REG-16 along with the required information. 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.

What is cancellation of GST registration by Proper officer:
The registration can be cancelled by proper officer, if the taxpayer-
have contravened prescribed provisions and rules of the Act.
being a Composition taxpayer failed to furnish returns for three consecutive tax periods.
being a Normal taxpayer failed to furnish returns for a continuous period of six months.
had opted for voluntary registration but failed to do business within six months from the date of registration.
had obtained registration by means of fraud, willful misstatement or suppression of facts.

What is revocation of cancellation of GST Registration?
The GST Act is very comprehensive and covers various situations a taxpayer may face with provision and procedures. In this article, we look at the procedure for revocation of GST registration cancellation order along with the applicable forms. The provision for revocation are contained under rule 23 of the CGST Rules, 2017. Note: Revocation of GST registration can be initiated if a GST registration certificate has been cancelled by GST authorities.
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Issued By charulata
Country India
Categories Accounting , Business , Legal
Tags cancel gst registration , gst registration cancellation , gst surrender , how to surrender gst , how to surrender gst number , how to surrender gst registration , surrender gst , surrender of gst registration
Last Updated December 14, 2019