Cancellation of GST Registration

The cancellation of GST registration means that the taxpayer is no longer GST registered. He won't have been liable to settle or claim GST or claim tax credits for inputs and, therefore, is not required to fill out GST tax returns.

Who can file GST Cancellation Application?

The CGST Act entitles the following people to request the cancellation of registration All taxpayers who are registered, excluding individuals regulated under rule 12 that includes taxpayers who are registered and required for deducting and collecting taxes at source, as well as Taxpayers who have been granted UIN.

The legal heir to an individual who is registered.

Who Can cancel GST Registration?

• An officer covered subject to GST may choose to do so at will.
• An application is filed by the registered individual or through legal heirs to the person who registered, in the event of the death of the person registered by legal heirs of the deceased, it is possible to the legal heirs of the registered person, in the event of death, be able GST registration.
• But a person who has obtained GST registration on their initiative is not able to request GST Registration cancellation before the expiration of one year beginning from the day of the registration. The following information should be explicitly stated by the applicant when submitting for cancellation on the form GST REG-16:
• Contact number, which is comprised of the mobile phone number as well as the email address.
• Reasons for cancellation.
• The cancellation date that you want to make.
• The specifics of the value and tax due on the inputs' stock that is available in semi-finished products, inputs that are available in finished goods as well as the stocks of capital goods/plants and machinery.
• The details of registration for the entity in case the previous unit was amalgamated, merged, or was transferred.
• Details of the most recent tax return submitted by the taxpayer, along with an ARN of the specific return.