08 August 2020
I am going to cancel my GST registration. I have filed all GST returns (GSTR-3B and GSTR-1) from the date of my registration to till last month, but I did not filed annual returns since my turnover have always been below 1 crore. My question is can I apply for cancellation now or I have to file annual returns before filling cancellation ?
08 August 2020
though it is not mandatory for below Rs 1.5 crore but advisable to file annual return from assessment point of view as you can declare your input and tax liabilities correctly.
08 August 2020
Annual return is to be filed by the regular registered tax payers (regular,composition and e-commerce operators) irrespective of turnover.You have to file annual return before applying for cancellation.
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