GST Cancellation of Registration | How to Cancel GST Registration ? Easy Step by Step Process
GST Cancellation of Registration | How to Cancel GST Registration ? Easy Step by Step Process
Cancellation of GST registration simply means that the taxpayer will not be a GST registered person any more. He will not have to pay or collect GST.
Consequences of Cancellation
The taxpayer will not pay GST anymore
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.
Cancellation when Turnover is less than 20 lakhs
Every person who was registered under old laws had to mandatorily migrate to GST. Many such persons are not liable to be registered under GST.
For example, threshold under VAT in most states was 5 lakhs where as it is 20 lakhs under GST. However, do make sure you are not making intra-state supplies, since registration is mandatory for intra-state suppliers except for service providers.
Such a taxpayer can submit an application electronically in FORM GST REG-29 at the common portal.
The proper officer shall, after conducting an enquiry as required will cancel the registration.
Here are the steps of cancelling on GST Portal-
1. Log in to the GST Portal
2. click on the Cancellation of Provisional Registration
3. The Cancellation page opens.
4. Your GSTIN and name of business will show automatically.
You are required to give a reason for cancellation.
5. Simply fill up the details of authorized signatories, place. Finally, sign off with EVC with you are a proprietorship or a partnership. LLPs & Companies must mandatorily sign with DSC.
Note: Taxpayers who have not issued tax invoice can avail above service. If the taxpayer has issued any tax invoice then FORM GST REG-16 needs to be filed.Refer below.
Forms for cancellation
All those who cannot follow the above method must file an application for cancellation in FORM GST REG 16. The legal heirs of the deceased taxpayer will follow the same procedure as below.
Application for cancellation has to be made in FORM GST REG 16.
The following details must be included in FORM GST REG 16-
Details of inputs, semi-finished, finished goods held in stock on the date on which cancellation of registration is applied
Liability thereon
Details of the payment
The proper officer has to issue an order for cancellation in FORM GST REG-19 within 30 days from date of application. The cancellation will be effective from a date determined by the officer and he will notify the taxable person
Email : [email protected]
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