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GST Registration Cancelation in current month

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NISHANT SIPANI

Finance Controller

72 Points Posted on 29 May 2023

Hello Experts

Client wants to cancel GST Registration Voluntary due to shut down of Main business activity.

1. GSTR1 Iff & GSTR 3B Filing Quarterly basis.
2, Having Sales and Purchase in Current month also.

Query:
1. Is it possible to filing for GST Cancelation in May 23 month also or Compulsory to wait for July Month Quarterly Filing?

2. If Cancellation possible in May month, How Customers will get Input credit of sale invoices issues and How client will get Input ITC?

Please reply.

Replies (2)

Quick Summary

This discussion addresses the possibility of cancelling GST registration voluntarily in May 2023, even with current month sales and purchases. Experts confirm that cancellation can be filed in May, but quarterly returns must still be submitted. Crucially, once the cancellation application is filed, no further invoices can be issued, and the GSTN becomes suspended.

sabyasachi mukherjee

Profession

19978 Points Posted on 02 June 2023

Pls upload details my team will help u out.

Pankaj Rawat

GST Practitioner

29904 Points Posted on 03 June 2023

1. You can file cancellation in May 23. (But still require to file Qtly return)
2. The day you file for cancellation you cannot issue invoices.

Note : As soon you file application for cancellation your GSTN get Suspended.