GST Cancellation

GST Cancellation

You can cancel your GST registration if the GST rules don’t apply to you or you are shutting down your business or profession, or the tax officer calls for cancellation. This article will guide you through the different types of cancellations, and the overall process.

Cancellation of GST registration simply means that the taxpayer will not be a GST registered person anymore. He will not have to pay or collect GST or claim the input tax credit and accordingly, need not file GST returns.

2. Procedure • If the proper officer has reasons to cancel the registration of a person then he will send a show-cause notice to such person in form GST REG-17. • The person must reply in form REG–18 within 7 days from the date of service of notice why his registration should not be cancelled. • If the reply is found to be satisfactory, the proper officer will drop the proceedings and pass an order in the form GST REG–20. • If the registration is liable to be cancelled, the proper officer will issue an order in the form GST REG-19. The order will be sent within 30 days from the date of reply to the show cause.