How to cancel GST registration, know here
The time has been more than 1 year applicable to GST (Goods & Services Tax). But there is still debate about its advantages and disadvantages. Even before the GST was implemented, the government issued orders for businessmen to register for it. For which the government had given the facility of online registration. Businesses with business up to 20 lakhs are not required to get GST registration. But it is compulsory for those businessmen to have GST registration for all business people who exceed Rs 20 lakhs.
About 20 lakh migrated businessmen who have not issued their invoices, such businessmen can cancel their registrations if they wish. If the business involved in GST wants to cancel their registration, they can do so. GSTN Portal has been given a new option to cancel GST registration. Using which businessmen can easily cancel their GST registration.
More than 1 crore registered business-
More than one crore taxpayers have registered in the GST now. Out of these, 72 lakhs are tax payers, who have joined this new arrangement with earlier excise, service tax and VAT. Apart from these, there are 28 lakh businessmen who have made new registrations.
Who can do GST registrations?
For your information, let everyone know that GST can not be canceled. We will tell you who can cancel GST registrations-
The person registering himself
A GST officer
Legal heir of registered person
Please let us know that voluntary registration can only be canceled after one year or more from the date of GST registration. In case of death of a person, his legal heirs may request to cancel the application.
Here’s the option-
You will find this option under the GSTN portal. It is built just below the ‘Utility REG 29’ profile section.
For any problem connect on gst toll free number