GST Cancellation
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What is GST Cancellation?
GST registration can be cancelled for specific reasons. Either the department on their own motion or the registered person can voluntarily initiate the cancellation of their registration. In case the registered person dies, an application for cancellation can be filed by his/her legal representatives. When the registration has been cancelled by the department, the taxpayer can apply for revocation of the cancellation. Once cancelled, the registered person has to file a return which is called the final return.
Table Of Contents
Overview
Cancellation of GST registration basically means that the registered person under GST is surrendering his liability to pay tax or collect tax.
- 1. Cancellation of GST Registration by Officer
- GST registration can be cancelled by an officer under the following circumstances:-
- Registered person does not conduct any business from the registered place
- Violates any prescribed rule and provisions under the GST act as prescribed.
- GST returns are in default for a continuous period of 6 months (in case of composition taxpayer returns for 3 consecutive tax periods)
- However, the officer is required to give a notice to such a registered person before cancelling his GST registration. If the registered person does not reply to the notice within the given time frame, the GST registration stands cancelled.
- 2. Voluntary cancellation of GST registration
- A registered person can voluntarily cancel his GST registration under the following circumstances:-
- Shutting down of business
- Transfer of business, merger, de-merger or amalgamation
- Change in PAN in lights of change in the constitution of Business or any other pertinent reasons
- Turnover falls below the threshold limit
- In case of sole proprietor, its death or its insolvency.
- Any other reason as prescribed under GST law.
- It is important to note that before applying for voluntary registration the taxpayer must have filed all his GST returns.
Related Read: An Overview On GST And 5 Ways GST Impacts Your Business
Steps for Cancellation
- Step 1: In case of voluntary cancellation of GST registration, the taxpayer must make an application in Form GST REG – 16 on the GST portal online. The application form asks for the following details from the taxpayer :-
- Reason for cancellation
- Date from which the registration is required to be cancelled
- In case the business is transferred, amalgamated, de-merged, particulars of the entity to whom such transfer, de-merged has been entered with.
- Particulars of last return filed
- Amount of tax payable on the inputs/ capital goods held in stock on the effective date of cancellation (Taxpayer needs to pay back the input tax contained in the stock of inputs, semi-finished goods, finished goods, and capital goods or the output tax liability on such goods - whichever is higher to the department because input tax credit on the existing stock cannot be claimed on cancellation of GST registration.)
- Details of tax paid, if any through credit ledger or cash ledger
- Step 2: Once the GST registration stands cancelled, the taxpayer is then required to file a final GST return in FORM GSTR 10. This form needs to be filed within 3 months from the date of cancellation on the GST portal. This form ensures that the taxpayer has cleared all his GST liabilities.
Non-acceptance of cancellation application
- The Assessing officer can reject the application under following situation:
- The application is incomplete.
- The new entity to whom the business is transferred, or is merged or amalgamated with has not obtained a registration with the tax authority prior to the submission of application.
- In such a case, the assessing officer shall provide the taxpayer with an opportunity to be heard by giving a written intimation to the applicant regarding the nature of the discrepancy. The applicant is then required to respond to the same within 7 days of the date of receipt of the letter, failing which the concerned Officer may reject the application after
Requisites
- Login credentials for GST common portal
- Details of any pending GST returns, late fees, notice, interest, tax liability etc
- Details of ITC in stock, semi-finished, finished goods & capital assets
Cancellation of GST registration with the help of ICI GST experts
Our GST experts at ICI, can help you get rid of your GST registration with our simplified online process.
- Follow the below steps to quickly get yourself free from GST provisions:-
- Submit a service request here
- Our GST team will get in touch with you to obtain your documents along with a simple checklist. You need to fill up that checklist and submit the required documents for processing. Once the documents are verified by our team we shall take the procedure further.
- Our team shall prepare the application form based on the data in the checklist and attach the documents submitted by you with the application. All throughout the process, we will keep you updated.
- Once the application form is submitted, the GST officer will verify the application and in case he finds any deficiency he shall then reject the application only after giving us an opportunity to rectify the mistake. Otherwise, if he finds the application to be satisfactory, he will further process it and issue us a GST cancellation order. Note that it generally takes 20 to 30 days to get the GST number cancelled if the form and documents are correctly filed.
- Once the registration stands cancelled, we shall file the Final form (GSTR-10) and provide you with the acknowledgements and returns
- Our services include
- File all the previous GST returns upto the date of GST cancellation
- Apply for GST cancellation in form REG 16
- Monitor the application and respond any queries raised by the department
- Once Cancellation order is received, file FORM GSTR 10
- In case your GST registration is cancelled by the Officer, we shall help you apply for revocation of GST cancellation order.
FAQs
In case of voluntary registration, a person should apply for GST cancellation within 30 days from the date when he was liable to cancel.
No, there is no governmental fee for canceling your GST registration.
Input Service Distributor or a non-resident taxable person or a person paying tax under the composition scheme are not required to file the Final return.
If the final GST return is not filed within the given time limit in Form GSTR-10, the department will issue a notice to the taxpayer, asking him/her to file the return within 15 days from the date of such notice. If still the compliance is not made then the officer may reject the cancellation application.
No, once your cancellation has been approved, the only GST return you can file is Form GSTR-10.
In this case, if the taxpayer is not satisfied with the officer’s decision, he can apply for revocation of cancellation within 30 days from the date of service of the cancellation order on the common portal.
You will receive a show-cause notice on your registered email ID when the officer on his own cancels the GST registration to which you have to reply in 7 days.
GST registration is valid until it is cancelled or suspended. However, GST registration granted to casual or non-resident taxpayers is valid only for a limited period.
Speak to our experts who shall solve all your doubts.
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