GST Cancellation & Revocation @ Rs. 1,999

Businesses registered under the Goods and Services Tax (GST) regime may need to cancel their GST registration due to various reasons, such as business closure, transfer, or change in business structure. Bright Advis offers comprehensive services for GST registration cancellation, ensuring a smooth and hassle-free process.

In this guide, we will cover the complete GST cancellation process, required documents, time limits, and the procedure for revocation of GST registration. We’ll also explain how to surrender GST registration and the GST closing procedure.

What is GST Cancellation?

GST cancellation, also known as cancellation of registration under GST, refers to the termination of the GST registration of a business, either voluntarily by the taxpayer or by the tax authorities. Once the GST registration is cancelled, the taxpayer is no longer required to file GST returns or collect GST on supplies. This process is also sometimes referred to as how to surrender GST registration.

If you are wondering how to cancel GST registration, Bright Advis provides end-to-end assistance in preparing and submitting the application for cancellation of GST registration, ensuring complete compliance with the GST closing procedure.

Who Can Apply for GST Cancellation?

GST cancellation can be initiated by:

• – Taxpayers: Business owners seeking to close operations or cease GST registration through voluntary cancellation.
• – Tax Authorities: In case of non-compliance or fraud, leading to suo moto cancellation.
• – Legal Heirs: If the business owner passes away, legal heirs can apply for cancellation.

At Bright Advis, we handle all types of GST cancellations, including voluntary, legal heir, and authority-initiated cancellations.

Reasons for GST Cancellation

There are several valid reasons for initiating GST registration cancellation, such as:

• – Closure of business
• – Transfer of business ownership
• – Change in business structure leading to a new PAN
• – Discontinuance of business operations
• – Non-compliance or fraudulent activities
• – Business no longer liable for GST registration
• – Ceased to be liable for registration

Bright Advis assists in identifying the appropriate grounds for cancellation and filing the required application as part of the GST surrender process.

Documents Required for GST Cancellation

To file for cancellation of GST registration, the following documents are required:

• – PAN card of the business owner
• – GST registration certificate
• – Identity proof of the applicant
• – Proof of business closure or sale (if applicable)
• – Final GST return (GSTR-10)
• – Bank account details
• – Digital Signature Certificate (DSC)
• – Stock details (if applicable)

Our team at Bright Advis ensures all necessary documents are compiled, verified, and accurately submitted to avoid rejection of the cancellation application.

Step-by-Step GST Cancellation Process

Bright Advis follows a structured process for GST registration cancellation to ensure accuracy and timely processing:

• – Step 1: Access the GST Portal — Log in to the GST portal using your GSTIN and password.
• – Step 2: Apply for Cancellation — Go to the ‘Services’ section, select ‘Registration’ and click on ‘Application for Cancellation of GST Registration’.
• – Step 3: Fill Form GST REG-16 — Enter business details, reason for cancellation, and upload supporting documents. This form is crucial for the GST surrender process.
• – Step 4: Verification and Submission — Review the form, verify details, and submit the application using a DSC or EVC.
• – Step 5: Issuance of Cancellation Order — Upon verification, the tax authorities issue GST REG-19, confirming the cancellation.

Forms Used in GST Cancellation

The following forms are utilised during the GST cancellation process:

• – GST REG-16: Application for cancellation
• – GST REG-17: Show cause notice
• – GST REG-18: Reply to show cause notice
• – GST REG-19: Order for cancellation
• – GST REG-20: Order for dropping proceedings
• – GST REG-23: Application for revocation of cancellation
• – GST REG-24: Reply to show cause notice for rejecting revocation

Our team assists in filing all relevant forms as per the requirements of the GST closing procedure.

Time Limit for Cancellation of GST Registration

The time limit for cancellation of GST registration varies based on the reason for cancellation. Generally, a business must apply for cancellation within 30 days of the event that triggers the cancellation (e.g., business closure, transfer, or death of the taxpayer).

Bright Advis helps you meet all deadlines and avoid penalties associated with late filing.

Consequences of GST Cancellation

Once the GST registration is cancelled:

• – The taxpayer can no longer collect or pay GST.
• – The taxpayer is no longer eligible to claim input tax credit.
• – A final GST return (GSTR-10) must be filed to clear outstanding tax liability.
• – Input tax credit reversal may be required.
• – Balances in electronic credit ledger and electronic cash ledger need to be addressed.

Failure to comply with these requirements can result in penalties and interest charges. Bright Advis provides comprehensive post-cancellation support to ensure compliance.

Revocation of GST Cancellation

If the GST registration is cancelled by the authorities through suo moto cancellation, the taxpayer can file for revocation of GST registration within 30 days of the cancellation order. This process is also known as GST revocation. The revocation application process involves submitting Form GST REG-21 and justifying the reason for revocation.

The time limit for revocation of GST registration is crucial, as delays may lead to rejection of revocation. If you’re wondering how to reactivate GST number or how to activate cancelled GST registration, Bright Advis can assist in filing for revocation, responding to notices, and ensuring timely resolution within the GST revocation time limit.

GST Cancellation Fees

The GST cancellation fees are generally zero for voluntary cancellations. However, professional fees may apply for documentation and application processing. There are no specific GST surrender charges imposed by the government.

Bright Advis offers affordable pricing plans tailored to your business needs for handling the entire GST surrender process.

Frequently Asked Questions (FAQs)

Q1. How can I cancel GST registration online?
Visit the GST portal, go to the ‘Services’ section, and submit Form GST REG-16 along with the required documents.

Q2. What is the time limit for applying for GST cancellation?
Generally, you must apply for cancellation within 30 days of business closure or transfer.

Q3. Can GST cancellation be revoked?
Yes, you can apply for revocation of cancellation within 30 days of receiving the cancellation order.

Q4. Are there any fees for GST cancellation?
No government fees apply, but professional charges may vary.

Q5. What happens if I don’t cancel my GST registration?
Non-cancellation may result in penalties and liabilities, including interest on outstanding taxes.

Q6. What does “cancelled suo-moto meaning” imply in GST?
“Cancelled suo-moto” means the tax authorities have cancelled the GST registration on their own accord, usually due to non-compliance or suspected fraud.

Q7. How does a change in constitution affect GST registration?
A change in constitution of business may require cancellation of the existing GST registration and application for a new one.

Start Your GST Cancellation with Bright Advis Today!

Bright Advis provides expert guidance for GST registration cancellation, ensuring a smooth and error-free process. From application submission to revocation and post-cancellation support, we cover every aspect of how to close GST number.

• – Affordable Pricing Plans
• – Fast Processing and Updates
• – Comprehensive Document Verification

Take the first step towards GST cancellation with Bright Advis and avoid unnecessary penalties.