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Gst surrender

Mukesh KUMAR (ACCOUNTANT) (115 Points)

20 July 2020

Is there any time limit of surrender gst registration after closurer of a partnership firm

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7 Replies

CA Altamush Zafar (GST Consultant) (15971 Points)
Replied 20 July 2020

There is no reason to wait for cancellations. If the business is closed then cancellation of registration should also be initiated. However there is no time limit for surrender of gst

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annu Goyal (1102 Points)
Replied 20 July 2020

There is no time limit, Registered person can apply for cancellation any time but before cancellation tax liability should nil...

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Vijayprakash P (1313 Points)
Replied 20 July 2020

No. there is no time limit of gst registration.

CA. Chikkerur C R (PRACTICE) (3584 Points)
Replied 20 July 2020

As of now, no time.. but within 30 days is good

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 21 July 2020

There is no time limit , but once the business is closed the GSTN must be surrender

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Shivam RC (Student) (23683 Points)
Replied 22 July 2020

No Mukesh Sir. There is no time limit regarding cancellation of GST Registration after the closure of the business. But it would be better to surrender your GST Registration as soon as possible since even after closure of business you have to file NIL GSTR-3B until application for cancellation of GST Registration ( FORM GST REG-16 ) is filed. So why should you take unnecessary compliance burden ??? Proceed to cancel your GST Registration once the Partnership Firm is closed.

NOTE : Filing Returns under the GST Regime is Mandatory.

Bhavika Kothari (CA) (1258 Points)
Replied 25 July 2020

There is no time limit to surrender GST registration. Only thing is if you do not surrender the registration then you will have to file Nil returns (GSTR-1, GSTR-3B and GSTR-9) till the time you do not go ahead for cancellation