{"id":13228,"date":"2020-07-20T14:35:26","date_gmt":"2020-07-20T09:05:26","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=13228"},"modified":"2020-07-20T14:47:15","modified_gmt":"2020-07-20T09:17:15","slug":"how-taxpayers-can-cancel-gst-registration-india","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/how-taxpayers-can-cancel-gst-registration-india\/","title":{"rendered":"Know how Taxpayers can cancel GST Registration!"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Cancellation of GST registration isn\u2019t a daunting task anymore for the applicant, as the online GST portal gets the job done in a few clicks via newly embedded features. GST bought vast improvements over the old tax regime. The implementation of GST discouraged tax leakage and sorted out the complexities of the previous tax reform. The business units are generating more than Rs. 20Lacs, of yearly turnover, are exempted under GST provision. On the contrary, the firms over this threshold limit need to register under the GST.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/how-taxpayers-can-cancel-gst-registration-india\/#What_exactly_the_cancellation_of_registration_means_from_the_taxpayers_perspective\" >What exactly the cancellation of registration means from the taxpayer\u2019s perspective?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/how-taxpayers-can-cancel-gst-registration-india\/#Which_authority_or_personal_are_liable_for_canceling_the_GST_registration\" >Which authority or personal are liable for canceling the GST registration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/how-taxpayers-can-cancel-gst-registration-india\/#How_to_use_the_GST_portal_to_cancel_GST_Registration\" >How to use the GST portal to cancel GST Registration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/how-taxpayers-can-cancel-gst-registration-india\/#Type_of_form_used_for_GST_registration_cancellation\" >Type of form used for GST registration\ncancellation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/how-taxpayers-can-cancel-gst-registration-india\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_exactly_the_cancellation_of_registration_means_from_the_taxpayers_perspective\"><\/span>What exactly the cancellation of registration means from the taxpayer\u2019s perspective?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As the term suggests, the cancellation of GST registration means that taxpayers would no longer be eligible for collecting or paying GST once the authority has approved the application for the same. <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"634\" height=\"313\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/07\/image-95.png\" alt=\"cancellation of gst registration\" class=\"wp-image-13243\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/07\/image-95.png 634w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/07\/image-95-300x148.png 300w\" sizes=\"(max-width: 634px) 100vw, 634px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Cancellation Consequences<\/h3>\n\n\n\n<p>The taxpayers will not the avail exemption under GST, and neither will he\/she pay GST. For certain businesses, GST registration is an absolute necessity. If the <a href=\"https:\/\/corpbiz.io\/gst-registration\"><strong>GST Registration<\/strong><\/a> is revoked due to any reasons and concerned entity still carry on their business\u2019s operation, this could lead to substantial penalties. In short, it\u2019s an offense to conduct business after the revocation of the GST registration. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Which_authority_or_personal_are_liable_for_canceling_the_GST_registration\"><\/span>Which authority or personal are liable for canceling the GST registration?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Any business owners seeking cancellation of the GST registration need to head over to the GST portal and opt for the cancellation feature. However, due to tight compliances, the authority of the cancellation has been furnished to only three entities. Those are taxpayer seeking cancellation, a legal heir of the taxpayer, and GST officer.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Conditions that support the cancellation of GST registration<\/h3>\n\n\n\n<ul><li>The concerned taxpayers opt to shut down the business. <\/li><li>A taxable person no longer intends to comply with GST provision.<\/li><li>Taxpayers chose to transform their business on account of merger\nor amalgamation.<\/li><li>Amendment in the business\u2019s constitution is resulting in a\nchange in PAN. <\/li><li>The taxpayer failed to start the business for which he\/she\navailed the GST registration.<\/li><li>Any registered person fails to furnish returns for a continuous\nperiod of six months. <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Non-eligible persons for Cancellation of GST Registration<\/h3>\n\n\n\n<ul><li>Taxpayers registered under GST as Tax collectors. <\/li><li>Taxpayers with UIN. <\/li><\/ul>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/overview-of-gst-registration-for-service-providers\/\">A complete overview of GST Registration for Service Providers<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_use_the_GST_portal_to_cancel_GST_Registration\"><\/span>How to use the GST portal to cancel GST Registration? <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The<strong> GSTN portal<\/strong><sup><a href=\"https:\/\/www.gst.gov.in\/\"><strong>[1]<\/strong><\/a><\/sup> works day in and day out for the taxpayers. It is outfitted with cancellation features for GST registration, which can be used at any point in time. All the taxpayers who have not furnished any invoice after the registration are eligible to avail of such service. In addition to that, if the taxpayer has filled the tax invoice, he is qualified to address the form like <em>GST REG 16. <\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Steps regarding GST registration cancellation (migrated\ntaxpayer)<\/strong><\/h3>\n\n\n\n<ol><li>Login to the GST portal with the accurate account credentials. <\/li><li>Head over to the right section of the screen and select \u2018Cancellation of provisional registration.\u2019<\/li><li>A pop up will render on the screen seeking clarification from the taxpayer regarding the tax invoice raised in the serving period. <\/li><li>Click on the \u2018NO\u2019<\/li><li>Next,complete the verification process and submit all the necessary details. (Note: do not forget to furnish your digital signature while wrapping up the proceedings) <\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Type_of_form_used_for_GST_registration_cancellation\"><\/span><strong>Type of form used for GST registration\ncancellation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are few types of forms used for GST\nregistration cancellation. Those are as follows:-<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">GST REG 16<\/h3>\n\n\n\n<p>The\napplicability of the forms is limited to those who opt for the cancellation of\nregistration and elapsed one or more years since the day of GST registration. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">GST REG 17 <\/h3>\n\n\n\n<p>An authorized\nGST officer can use the REG 17 form the serve the purpose of GST registration\ncancelation. To trigger the cancellation process, the authorized GST officer\nissues the GST REG 17 form to the concerned entity. This form has been outlined\nin a simple format, used for notifying taxpayers regarding cancellation by\nincorporating reasons for the same. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">GST REG 18<\/h3>\n\n\n\n<p>The applicant\nmust confront show-cause notice with the aid of the GST REG 18 form. This\nmandatory form needs to be furnished within seven days of the issuance of the\nnotice intimating clients about protecting the cancellation.&nbsp; <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">GST REG 19<\/h3>\n\n\n\n<p>The GST REG 19\nissued by the GST officers to the taxpayers stating confirmation regarding the\ncancellation of GST registration. This form acts as an order for cancellation\nof GST Registration. The issuance of this form shall be done within 30 days\nfrom the date of application. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">GST REG 20<\/h3>\n\n\n\n<p>As soon as the\nGST officers put the authentication stamp on the response against the\nshow-cause notice, the order of cancellation activated by the authority. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>GST registration is mandatory for all the taxpayers who are generating more Rs 40 lakh of yearly turnover. If some entity seeks swift cancellation of GST registration, then he can fill up the required form on the GST portal and wait for the approval. As soon as the concerned signatory approved the cancellation, the taxpayer would no longer have to comply with tax liabilities under GST. At <a href=\"https:\/\/corpbiz.io\/\"><strong>CorpBiz<\/strong><\/a>, we are committed to render top-notch compliance and registration services to the taxpayer. If you have any concerns related to GST registration, feel free to contact us anytime. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important\"><a href=\"https:\/\/corpbiz.io\/learning\/actionable-strategies-to-avoid-gst-online-registration-india\/\">\nActionable Strategies to avoid GST Registration\n<\/a><\/mark><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cancellation of GST registration isn\u2019t a daunting task anymore for the applicant, as the online GST portal gets the job done in a few clicks via newly embedded features. GST bought vast improvements over the old tax regime. The implementation of GST discouraged tax leakage and sorted out the complexities of the previous tax reform. [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":13237,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[16],"tags":[779],"acf":{"service_id":"68"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":4933,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/13228"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=13228"}],"version-history":[{"count":13,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/13228\/revisions"}],"predecessor-version":[{"id":13245,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/13228\/revisions\/13245"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/13237"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=13228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=13228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=13228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}