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Cancellation of GST Registration on Closure of the Busines

Registration 205 views 4 replies

Manish

Accountant

251 Points Joined April 2009

Dear All

Due to closure of the business, an assessee wish to surrender its GST Registration. Is there any time limit to surrender the same or it can be surrender after 2-3 months. as well. For Example, if business was closed on 31.03.2021, surrender can be applied in 2-3 June as well or not. Is it liable for any penalty due to late filing or not. Please confirm.

Thanks in Advance.

Replies (4)

CA Altamush Zafar

GST Consultant

15986 Points Joined March 2013

Yes you can but keep filing nil returns till then.

CA. Sourav Sarkar

Chartered Accountant

24588 Points Joined November 2019

Yes cancellation can be done

Sivaramaraju G

Learner

2398 Points Joined May 2019

Agree with Altamush.

A taxpayer whose GST registration has either been cancelled or surrendered is required to file GSTR-10. it is a statement of stocks held by such taxpayers on the day immediately preceding the date of cancellation. It is a one-time final return. It should be filed within three months from the date of cancellation or the date of the cancellation order, whichever is earlier.