What is GST Cancellation?

GST cancellation refers to the process of revoking or nullifying the registration of a taxpayer under the Goods and Services Tax (GST) regime. When a business ceases its operations or no longer meets the criteria for GST registration, it can apply for cancellation of its GST registration. This involves informing the tax authorities and fulfilling any necessary requirements or obligations before the cancellation takes effect. Once canceled, the business is no longer liable to collect or remit GST on its transactions.

When can we ask for GST cancellation?

• An unintentional GST registration that may result in an extra tax obligation.
• An individual may choose to have their GST registration canceled if their annual income is less than Rs. 20 lakh and they have registered for GST
• The business must dissolve or combine in order to complete the GST cancellation process and prevent receiving tax notices from the government.
• You have the option of GST cancellation India if the government raises the GST registration threshold and you are no longer covered.
• In the event of a takeover offer, the GST registration must be surrendered; otherwise, the GST tax burden would remain under the name of the prior owner.

How is the GST canceled?

• To find out how to give up your GST registration, speak with our business counselor.
• A committed professional is assigned to handle your application after you place an order.
• The GST department will receive FORM GST REG-16 from our professional.
• Our staff will send you an acknowledgement once your application has been submitted successfully.
• The GST cancellation status will be indicated as "canceled" following detailed verification.

Required Documents for GST Cancellation

• 1. GST Certificate
• 2. Provide the reason for cancellation