Easy Cancellation with Expert Help
While GST registration has been discussed everywhere and has been understood manifold by guides and articles, cancelling the GST Registration is also a feature available, unaware to many.
The cancellation feature is limited to only 3 entities who can initiate the procedure – The Tax Payer, GST Officer or the Legal Heir of Tax Payer.
The reasons can be any of these:
Registered voluntarily but did not commence business
Discontinuance or closure of the business
Change in constitution of business on account of amalgamation or sale
Turnover of Taxable person below Rs. 20 lakhs
Taxable person not liable any longer to be registered under GST act