Registering GST for your business or GST return filing is one of the most discussed topics in India. Many people are still confused about the registration method, filling the return forms, tax challan, e-way bill and other forms for GST.
This lack of knowledge leads to errors while filling out the form. Suppose you have mistakenly registered for GST and you require to cancel your GST Registration; you can apply for cancellation under one condition.
One can only apply for cancellation if the annual turnover of his/her company is less than ₹ 20 lakhs which is the total of sales plus unregistered purchases.
The cancellation of GST registration indicates that the taxpayer will no longer be a GST-enrolled person. The consequences of GST removal are:
The following information must be provided by the applicant for cancellation in Form GST REG-16:
A revocation means the cancellation of a declaration or an agreement. Revocation of cancellation of registration means that the choice to cancel the enrollment has been changed, and the registration is still valid.
This is applicable only when the tax officer has removed the registration of a taxable person on his/her plan. Such a chargeable person can employ the officer for revocation of cancellation within thirty days from the date of the cancellation request.
Vakilsearch has a team of legal experts who will help you to cancel the GST registration as per your needs. Vakilsearch caters to each customer's needs during registration. Our team of legal experts will inform you about the technicalities involved in the cancellation or surrender of GST, which will make it easy for you to understand. Vakilsearch has a handful of legal experts who guide you in every step, making it less stressful during the entire process.