GST Cancellation Process & Steps Online

What is the Cancellation of GST Registration?

Certain companies must register for GST to operate. You will not be a registered person under the GST system and will no longer be required to pay or collect GST due to the cancellation of GST. When you cancel your GST, you’re essentially giving up your GST number and choosing not to participate in the GST programme.

If you continue to operate your company after the GST has been cancelled, you may be subject to heavy income tax penalties. In India, the cancellation of GST registration is the responsibility of the tax official. A cancellation request may only be filed one year after the taxpayer first registers when a taxpayer registers voluntarily.

GST Cancellation Online

New functionality has been introduced on the GST portal for the surrendering of GST Registration. If you want to cancel your GST registration, follow the below steps: 

Step 1: Login into your account on gst.gov.in

Step 2 : Go to Services >> Registration >> Application for Cancellation of Registration

There will be three tabs as under

1. Basic Details

1. Cancellation Details

1. Verification

Step 3: Fill the address for future communication or select the option of Address same as above and then go to the Cancellation Details tab.

Step 4: Select the reason for cancellation and the date of cancellation. Below this page shows the date for which you have already filed a return.

Step 5: Go to the verification tab and verify using EVC or Digital signature, and your ARN will be generated.

Created & Posted by (Ramesh Kumar Gupta)

Senior Accounts Manager at TAXAJ

 

TAXAJ is a consortium of CA, CS, Advocates & Professionals from specific fields to provide you a One-Stop Solution for all your Business, Financial, Taxation & Legal Matters under One Roof. Some of them are: Launch Your Start-Up Company/Business, Trademark & Brand Registration, Digital Marketing, E-Stamp Paper Online, Closure of Business, Legal Services, Payroll Services, etc. For any further queries related to this or anything else visit TAXAJ

 

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TAXAJ Corporate Services LLP

Address: 1/11, 1st Floor, Sulahkul Vihar, Old Palam Road, Dwarka, Delhi-110078

Contact: 8961228919 ; 8802812345 | E-Mail: connect@taxaj.com

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