In case I want to surrender my gst certificate can I do so immediately ? or I have to wait till filling of my gst annual returns for all years
pl clarify
8 Replies
Padmanathan Kv
(2127 Points)
Replied 12 May 2019
for cancellation you have to file final return ie GSTR 10
Puja Sharma
(CA)
(433 Points)
Replied 12 May 2019
all your previous returns have to filed before surrrender. further you have to also submit the final return
mona
(Direct Tax)
(136 Points)
Replied 12 May 2019
Means I will have to wait till I file annual return for f y 2018-19 to be completed then only I can surrender? Meawhile I will also have to file gstr3 b from april 1 also. this is an never ending cycle
Padmanathan Kv
(2127 Points)
Replied 12 May 2019
No need to file Annual Return for FY 18-19. Instead you have to file final return within 3 months once your application for cancellation of registration has been accepted by GST dept. You need not file any monthly return from the month of application for cancellation
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 12 May 2019
Yes you can surrender your gstn the day you file your application in form REG 16 & submit the details of stock lying on the day.
as per Rule Rule 21A. Suspension of registration.- (1) Where a registered person has applied
for cancellation of registration under rule 20, the registration shall be deemed to be
suspended from the date of submission of the application or the date from which the
cancellation is sought, whichever is later, pending the completion of proceedings for
cancellation of registration under rule 22.
3) A registered person, whose registration has been suspended under sub-rule (1) or
sub-rule (2), shall not make any taxable supply during the period of suspension and
shall not be required to furnish any return under section 39
Hence file all your return till date of cacellation is filed
as per Rule Rule 21A. Suspension of registration.- (1) Where a registered person has applied
for cancellation of registration under rule 20, the registration shall be deemed to be
suspended from the date of submission of the application or the date from which the
cancellation is sought, whichever is later, pending the completion of proceedings for
cancellation of registration under rule 22.
3) A registered person, whose registration has been suspended under sub-rule (1) or
sub-rule (2), shall not make any taxable supply during the period of suspension and
shall not be required to furnish any return under section 39
Hence file all your return till date of cacellation is filed
mona
(Direct Tax)
(136 Points)
Replied 12 May 2019
annual return for f y 17-18 will have to be filed rt?
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 12 May 2019
And as per section 45 you are liable file Final return in form 10 with in 3 month from date of cancellation filed
You are also liable to file Annual Return in form 9 (if applicable to you) in terms of section 44.
Note : The compliance needed : 1 Annual Return
2. Final Return
3.All your monthly or qtly return in form gstr1 & 3b is filed till date of application of cancellation filed
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
