GST Cancellation

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GST Cancellation

Welcome to our GST Cancellation/ Surrender service page! If you are a business owner who wants to close their business or cancel their GST registration for any reason, we are here to help you navigate the process.

Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. Every business that is registered under GST is required to file regular returns and maintain compliance with the GST law. However, there may be situations where a business owner wants to close their business or cancel their GST registration. In such cases, GST Cancellation/ Surrender is the process of officially terminating the GST registration of the business.

Our team of experts has years of experience in handling GST-related matters and can guide you through the entire process of cancelling or surrendering your GST registration. Compliance Calendar provide a hassle-free and timely solution for businesses that need to close or cancel their GST registration. Our team of experts will guide you through the entire process and ensure that all the necessary formalities are completed correctly.

The GST registration can be cancelled when the GST Rules are no longer applicable or the business / professional conduct is being discontinued or where the tax officer calls for such GSTIN cancellation. The GST cancellation implies a situation when no GST return is to be filed further, nor any GST is to be paid or collected neither any input tax credit is to be claimed.

If GST cancellation is opted for a business where GST is mandatory and the business is still operating, a heavy penalty is imposed on such business leading to offence under GST Act and its rules and regulations.

Documents Required for GST Cancellation

  • Application for cancellation/ surrender: This is a formal request for cancelling/ surrendering the GST registration. The application should be duly signed by the authorized signatory of the business.
  • Proof of closing the business: This could be a closure certificate issued by the relevant authority, a notice of closure in a newspaper, or any other document that proves that the business has been closed.
  • GST registration certificate: A copy of the GST registration certificate issued by the GST department.
  • GST returns: A copy of the GST returns filed by the business for the current and previous financial years.
  • Bank statement: A bank statement that shows that all the dues related to GST have been cleared.
  • Other documents: Depending on the nature of the business and the reason for cancellation/ surrender, other documents may be required. For example, if the business has any pending litigation, a no-objection certificate from the relevant authority may be required.
  • Bonus Points: It is important to note that the documents required may vary based on the specific case, and it is advisable to consult Compliance Calendar for guidance on the documents required for GST Cancellation/ Surrender.

Features & Benefits of GST Cancellation

Hassle-free process: Our team of experts will handle all the paperwork and formalities on your behalf, ensuring a hassle-free process.

Timely completion: We are committed to completing the GST Cancellation/ Surrender process in a timely manner, so that you can focus on your business operations without any interruptions.

Expert guidance: Our team of experts has a deep understanding of the GST law and can provide you with expert guidance throughout the entire process.

Compliance: We will ensure that all compliance requirements are met, including clearing any outstanding liabilities and submitting necessary documents to the GST department.

Cost-effective: Our service is cost-effective and provides value for money.

Transparent process: We believe in transparency and will keep you informed at every stage of the GST Cancellation/ Surrender process.

Professional service: Our team is committed to providing you with a professional and high-quality service, ensuring that all the necessary formalities are completed correctly.

Bonus points: Compliance Calendar offers GST Cancellation/ Surrender service as a hassle-free, timely, and cost-effective solution for businesses that need to close or cancel their GST registration. With our expert guidance and professional service, you can rest assured that the process will be completed smoothly and without any complications.

Frequently Asked Questions

GST Cancellation/ Surrender is the process of officially terminating the GST registration of a business. This is required when a business owner wants to close their business or cancel their GST registration for any reason.

Any business owner who wants to close their business or cancel their GST registration can apply for GST Cancellation/ Surrender.

The process of GST Cancellation/ Surrender involves filing an application, submitting documents, and clearing any outstanding liabilities. This process can be complex and time-consuming, which is why it is recommended to seek expert guidance from Compliance Calendar.

The documents required for GST Cancellation/ Surrender may vary depending on the nature of the business and the reason for cancellation/ surrender. Generally, the documents required include the application for cancellation/ surrender, proof of closing the business, and any other relevant documents. Visit our Documents section above for more information on this.

The time taken to complete the GST Cancellation/ Surrender process can vary depending on the complexity of the case and the processing time of the GST department. However, with the help of expert guidance, the process can be completed in a timely manner of within a month time and in some cases it can take longer.

If a business owner does not cancel or surrender their GST registration, they will be required to continue filing regular returns and maintaining compliance with the GST law. This can result in penalties and fines for non-compliance.

Yes, it is mandatory to surrender GST registration if the business is closed. Failure to do so can result in penalties and fines for non-compliance.

The GST registration can be cancelled for various reasons and can be either initiated by the tax department officer or voluntary by the registered person.

The GST Cancellation by tax officer begins with a show cause notice in form GST REG-17 and cancellation process starts if any following events have occurred:

  • GST Returns are not filed timely continuously.
  • Business was not started within six months for having GST Registration.
  • The registered tax payer has made an offence under GST Act or Rules.
  • GST Registration is obtained through unfair practice or fraud.
  • The taxpayer practices improper methods to dodge tax and claim credits.

The GST Cancellation request is to be submitted to GST Department in form GST REG-16. The application after review if satisfied, the GST officer issues termination of the GST Registration in form GST REG-19. Below are the reasons for opting for voluntary GST Cancellation:

  • Business is being discontinued or closed.
  • Turnover has gone below the threshold limit of GST Registration.
  • Death of the proprietor, legal heir opting for GST Cancellation.
  • Change in the business constitution leading to change in PAN.
  • Merger or amalgamation of the business or other reasons.

To avail of the GST Cancellation/ Surrender service, you can contact Compliance Calendar as we offer this service. We will guide you through the process and ensure that all the necessary formalities are completed correctly. You can reach out to info@ccoffice.in or connect at 9988424211 to seek our consultation or services.