Gst no cancellation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2018 Hi All,

We are under composition scheme now we want cancel our GST No. (Due to turnover not meet our expectation)

How we can cancel our registration.

Tahnks

CA Mayur Todmal

CA Mayur Todmal (Expert)
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27 June 2018 yes you can cancel if you are not liable for gst . i.e
1The business has been discontinued
2The business has been transferred fully, amalgamated, demerged or otherwise disposed —The transferee (or the new company from amalgamation/ demerger) has to get registered. The transferor will cancel its registration if it ceases to exist.
3There is a change in the constitution of the business (For example- Private limited company has changed to a public limited company)
4.Turnover is less than 20 lakhs

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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27 June 2018 You can apply for online cancellation and select appropriate reason.
On successful submission an ARN will be generated which may be assigned either to state or center depending upon your jurisdiction by the system. Then you can approach the jurisdictional officer for approval of ARN.

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Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2018 Where is option available for cancel registration on GSTN Portal. i saw but there is no option ?

CA Mayur Todmal

CA Mayur Todmal (Expert)
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27 June 2018 under service menu , you will find option application for cancellation

Querist : Anonymous

Querist : Anonymous (Querist)

30 June 2018 Hello All,

There is no option showing for Cancellation of GST No in GST Portal (We are in composition) ????/

Asha Kanta Sharma online

Asha Kanta Sharma

(Expert)
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26 July 2024 If you are registered under the GST Composition Scheme and wish to cancel your GST registration because your turnover no longer meets the criteria for the scheme or for any other reason, you need to follow a structured process. Here's a step-by-step guide to help you with the cancellation:

### **1. **Determine Eligibility for Cancellation**

Before initiating the cancellation process, ensure that you are eligible for cancellation under the following circumstances:
- **Turnover Exceeds Threshold:** If your turnover has exceeded the threshold limit for the Composition Scheme.
- **Voluntary Cancellation:** If you wish to opt out of the Composition Scheme voluntarily.

### **2. **Log in to the GST Portal**

1. **Access the GST Portal:**
- Visit the [GST Portal](https://www.gst.gov.in).

2. **Log In:**
- Use your GST credentials to log in to your account.

### **3. **Initiate Cancellation of GST Registration**

1. **Navigate to Cancellation Request:**
- Go to the **‘Services’** menu.
- Select **‘Registration’**.
- Click on **‘Cancellation of Registration’**.

2. **Fill the Cancellation Form (GST REG-16):**
- Select the **‘Application for Cancellation of Registration’**.
- Provide the reason for cancellation (e.g., turnover has exceeded the threshold, or you wish to opt out of the Composition Scheme).
- Fill in the required details in the form.

### **4. **Provide Supporting Documents**

You may need to provide certain documents along with your cancellation request:
- **Proof of Turnover:** If the reason for cancellation is exceeding the threshold limit.
- **Closure Documents:** If you are closing your business or discontinuing operations.

### **5. **Submit the Application**

1. **Review Details:**
- Check all the details filled in the application to ensure accuracy.

2. **Submit the Application:**
- Submit the application form for cancellation on the GST portal.

3. **ARN (Acknowledgment Reference Number):**
- After submission, you will receive an ARN. This number is used to track the status of your application.

### **6. **Processing of Cancellation Application**

1. **Review by GST Department:**
- The GST department will review your cancellation application.
- They may issue a notice for additional information or clarification, if required.

2. **Cancellation Order:**
- Once the application is processed, you will receive a cancellation order from the GST department.
- The effective date of cancellation will be mentioned in the order.

### **7. **Compliance After Cancellation**

1. **File Final Returns:**
- Ensure that you file the final GST returns for the period up to the date of cancellation.
- This includes GSTR-3B and GSTR-1 for the period until the effective date of cancellation.

2. **Clear Pending Dues:**
- Settle any outstanding GST liabilities before the effective date of cancellation.

3. **Issue Credit Notes or Adjustments:**
- Adjust any pending ITC or other financial implications as per GST regulations.

### **8. **Reapply for GST Registration (if needed)**

- **If you plan to restart operations or wish to register under the regular scheme in the future**, you can apply for a new GST registration as needed.

### **Summary**

1. **Log in to the GST Portal.**
2. **Navigate to the Cancellation Request section.**
3. **Fill out and submit the Cancellation Form (GST REG-16).**
4. **Provide supporting documents as required.**
5. **Submit the application and obtain ARN.**
6. **Wait for the GST department’s response and cancellation order.**
7. **File final returns and settle dues.**
8. **Consider reapplying for GST registration if needed.**

For any specific issues or additional guidance, consulting a GST professional or tax advisor is recommended.

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