How to Cancel GST Registration- GST Registration Cancellation

• September 14, 2020
• CA Chandan Agarwal's Office

Taxpayers who have already registered under the GST Act can apply for cancellation of GST registration any time if they think they should close their business or in case any situation arises. Once the registration is cancelled it is no longer required to pay tax or collect tax from ordinary people.

WHAT WILL HAPPENED ONCE REGISTRATION IS CANCELLATION

• The Taxpayer cannot collect and is no longer required to pay GST
• There will be no requirement of furnishing any GST return
• For certain businesses,  registration under GST is mandatory. If the GST registration is cancelled and business is still continued, it will mean an offence under GST and heavy penalties will apply.

WHO CAN CANCEL GST REGISTRATION

Read more on: https://taxguru.in/goods-and-service-tax/cancel-gst-registration-gst-registration-cancellation.html