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