Do you want to surrender your GST ?
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You can cancel your GST registration if the GST rules don’t apply to you or if you are planning to shut down your business or profession, or the tax officer can cancel the registration. KNAP Advisory can guide you in cancellation of GST. Contact KNAP Advisory at +91-93119-72982 to know more. We will file Final return for you as well.

Reason for GST Cancellation

  • Business discontinuance
  • Transfer of business
  • Change in constitution of business
  • Death of sole proprietor
  • Taxpayers who are not under mandatory category of GST

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Cancellation or Surrender of GST Registration

An Overview - Cancellation or Surrender of GST Registration

For some causes, the given GST registration might be cancelled. The department may initiate the cancellation process, or the registered individual may submit a cancellation request. The legitimate heirs of a decedent can petition for the revocation of the registration.

If the registration has been cancelled by the department, there is a mechanism for revocation. When a person's registration is cancelled, he or she is required to file a final return

Revocation of Cancellation of GST

A registered individual may file a request for revocation within 30 days after the date of service of the order of cancellation if the registration was cancelled (Suo Moto) for the following reasons:

  • Contravened provisions of the Act or its implementing regulations.
  • Distributor has not filed returns for three consecutive tax periods.
  • a taxpayer has failed to file returns (other than compositions) for six consecutive months.
  • The voluntary registrant has not begun conducting business within six months of the date of registration.
  • Registration was obtained by fraud, intentional misrepresentation, or concealment of facts.

Reasons for GST Cancellation

Your registration may be suspended due to the following reasons:

  •  a person who is registered under another law but not required to be register under the GST Act;
  • the business has been closed, sold for whatever reason, including the owner's death, merged with another legal entity, dissolved, or otherwise disposed of;
  •  the structure of the organisation is altered;
  •  the taxable person (other than those who registered voluntarily under section 25(3) of the CGST Act, 2017) is no longer needed to register;
  • an individual has violated the Act or its restrictions;
  • a taxpayer liable to the Composition Levy has not filed returns for three consecutive tax quarters;
  • Any registered person who is not a Composition levy payer has continuously failed to file returns for six months;
  •  a person who voluntarily registered under section 25(3) has not commenced business within six months of the date of registration;
  • Registration was obtained via fraud, intentional misrepresentation, or concealment of material facts.

Checklist for Cancellation of GST

The applicant is required to give the following information while filling out the Cancellation application in Form GST REG-16:

  • The contact details, including a telephone number and an email address.
  • Cancelation Reasons
  • The date of cancellation wanted.
  • The value of the stock of inputs, inputs used in semi-finished goods, inputs used in completed goods, and the stock of capital goods/plant and machinery, in addition to the tax paid on them.
  • Information on the registration of the entity if the existing unit is merged, amalgamated, or transferred.
  • Details of the taxpayer's most recent return, including the ARN associated with that return.

 

HELP & FAQs

Is it possible to cancel the GST number?

Any taxpayer who is no longer required to compliance with GST, then he may apply for cancellation

What is a Revocation application for GST cancelation?

A registered individual may submit a revocation application within 30 days after the date of service of the order of cancellation if the registration was cancelled by a proper officer (Suo Moto).

Can I cancel my GST registration if I've never submitted a return?

No, each outstanding return must be filed before cancellation.

Why KNAP Advisory for GST Registration?

The cancellation of a GST number is now a straightforward online procedure. It is entirely online, so you do not need to present in person to cancel. You may cancel your GST number from the comfort of your own home. We, at KNAP Advisory, provide enterprises with superior documentation services.

  • We will assist you throughout the entire process of cancelling your GSTN.
  • We make the process of cancelling your GSTIN simple.
  • You are invited to seek advice or assistance on the cancellation of GST
  • Calculation of final Input tax credit
  • Preparation of the Stock Summary
  • Submission and filing of cancellation application
  • Preparation and submission of the Final Return after cancellation
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KNAP Advisory : We Care | We Deliver | We Honor

We have been especially crucial in ensuring startups are compliant with India's complex legal structure. We accept responsibility and obligation on behalf of the business owners and co-founders for adhering to all legal requirements. We strive to deliver a wide range of quick, effective, and compliance-focused services to any company or individual with a startup mentality. We are abide by our motto:- We Care, We Deliver, We Honor.