How to Cancel GST Registration in India?

by Ananya Nair Accounting and Legal Services

Today’s let's discuss How to Cancel the GST Registration for all types of business in India. After the GST registration of a business or individuals. Sometimes GST registered to want to cancel or surrender the GST Registration so they are always finding the Application and procedure for Cancellation of GST Registration. In India, GST is working on the principle of “one nation one tax” rule. It covers all the taxes. In businesses trading more than 20 lakh need to register for GST. If the business is trading less than or up to 20 lakh is not compulsory for GST registration.

Business can cancel their GST registrations any time they wish or in other circumstances. GST cancellation facility has been launched on the GST portal, in that case, you have to always cancel or surrender the GST Registration.

Cancellation by the taxpayer in other cases

A taxpayer can cancel his registration if:

If the taxpayer wants to discontinued business
The business has been amalgamated, demerged, transferred fully, or otherwise disposed of.
If the taxpayer decides to change to business structure (For example- Private limited company has changed to a public limited company)

Procedure for Cancellation of GST Registration

Step 1: Log in to the GST Portal and click the Cancellation of Provisional Registration

Step 2

The Cancellation page opens.
Your GSTIN and name of the business will show automatically.
You are required to give a reason for cancellation.

You will be asked if you have issued any tax invoices during the month.

Easily fill up the details of authorized signatories, place. Finally, sign off with EVC with you are a proprietorship or a partnership. LLPs & Companies must mandatory sign with DSC.

Note: Taxpayers who have not issued a tax invoice can avail above service. If the taxpayer has issued any tax invoice then FORM GST REG-16 needs to be filed.