In today’s scenario there is a lot of confusion that are we liable to file GST returns after applying for cancellation of GST registration on voluntary basis.
Are we liable to pay any penalty for not filing GST Return in between the period of application and cancellation order?
Whether there is a need to file GSTR after applying for voluntary cancellation of registration?
Let’s clarify the confusion here!
Law Background
As per Rule 20, Application for cancellation of registration: A registered person, other than a person to whom a registration has been granted under rule 12 (Person required to TDS/TCS) or a person to whom a Unique Identity Number has been granted under rule 17, seeking cancellation of his registration under sub-section (1) of section 29 shall electronically submit an application in FORM GST REG-16, including therein the details of inputs held in stock or inputs contained in semi-finished or finished goods held in stock and of capital goods held in stock on the date from which the cancellation of registration is sought, liability thereon, the details of the payment, if any, made against such liability and may furnish, along with the application, relevant documents in support thereof, at the common portal within a period of thirty days of the occurrence of the event warranting the cancellation, either directly or through a Facilitation Centre notified by the Commissioner.
Read more on: https://taxguru.in/goods-and-service-tax/liability-gst-return-voluntary-cancellation-registration.html
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