Cancellation of GST Registration
The registration granted under GST can be canceled for specified reasons. The cancellation can either be initiated by the department on their own motion or the registered person can apply for cancellation of their registration. In case of the death of a registered person, the legal heirs can apply for cancellation. In case the registration has been canceled by the department there is a provision for revocation of the cancellation. on cancellation of the registration, the person has to file a return which is called the final return.
Reasons for cancellation of registration can be one of the following are as follows:
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1 |
A person registered under any of the existing laws, but who is not liable to be liable under the GST Act; |
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2 |
The business has been discontinued, transferred fully for any reason including death of the proprietor, amalgamated with other legal entity, demerged or otherwise disposed of; |
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3 |
Change in the constitution of the business |
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4 |
The taxable person is no longer liable to be registered; |
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5 |
A registered person has contravened the provisions of the Act or rules made thereunder; |
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6 |
A person registered in a composition scheme have not filed returns for three consecutive tax periods; |
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7 |
Any registered person, other than composition taxpayer has not filed returns for a continuous period of six months; |
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8 |
A person who takes voluntarily registration has not commenced business within six months from the date of registration |
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9 |
Registration has been obtained by means of fraud, will-full misstatement, or suppression of facts. |
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