Pankhuri Agrawal
(Chartered Accountant)
(412 Points)
Replied 29 January 2019
Procedure for cancellation of registration would be similar to normal dealer registered under GST.
You need to submit an application in Form GST REG-16. You will have to furnish detail of closing stock as on the date immediately preceding the date of cancellation.
However, i am not sure about the liability to pay tax on closing stock as well.
Also you need file Final Return GSTR-10 within 3 months from the date of cancellation.
pritesh
(CA Final student)
(7101 Points)
Replied 29 January 2019
Dharmesh Gupta
(7 Points)
Replied 19 July 2019
A composisition dealer registered under gst act.since oct-2017 when threshhold limit was 20L &now he wants to cancel his registeration since sales in fy-2018-19 id 38L only max & gst act amended &passed by finance bill no-no-2 amending section 22 with explaination that regd person having turnover upto 40L(notified earlier by gst council without clearyfying that exempt service by way interest,discounts,extending deposits etc)now f.b.no-2 has clearified that these exempt services of interest earned on deposits,extending deposisits etc shall not be taken in ac &the taxpayer shall be treated as if he is exclusively dealer of goods .My question is can he now cancell his registeration being sales less than 40L in 2018-19-P.fy & as he has not taken any input tax credit on stocks held by him or he has some exempted goods in input like fire wood charcoal etc & he wants to carry on business as unregistered dealer,can he do so.&what about of 1% tax on stock held by him on taxable/exempt goods .pl.clearyfy .
vijay kumar
(4 Points)
Replied 19 October 2021
If the Composite Dealer wants to cancel his registration , but his account books have not been in a proper way, what is the remedy to cancel his registration
vijay kumar
(4 Points)
Replied 19 October 2021
If the Composite Dealer wants to cancel his registration , but his account books have not been in a proper way, what is the remedy to cancel his registration
Bhavika Kothari
(CA)
(1258 Points)
Replied 29 December 2021
The process to cancel the registration is the same as that of normal taxpayers. With respect to filing final returns, GSTR-10 is applicable to composite taxpayers too. To know more about GST Registration you can read this article - https://irisgst.com/beginners-guide-to-online-gst-registration/ To understand cancellation of registration under GST this article will be perfect or you https://bit.ly/3cnSivp
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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