One of my client GST number was cancelled due to non filing of GST Returns more than 6 Months. Under GST, Cancellation means what? is that is equivalent to surrender or not? If no, then how to surrender or close such GST number? & If not surrender then what is the consequences?
03 July 2019
In GST there is no such term as surrender. Only term specified is cancellation so you should not confuse it. If your GSTN is already cancelled by the authorities and you do not want to continue business then at present you do not hav eto do anything But if business continued in 2017-18 then file GSTR-9 before due date and also file GSTR-10 within 90 days from the date of cancellation.
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