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The taxpayer or the authorities may cancel a GST registration for any reason at any time. Following cancellation, the taxpayer no longer qualifies as a GST-registered individual, and the GST Act’s rules are no longer applicable. The taxpayer is released from filing GST returns and adhering to GST laws upon successful cancellation.
(1) Voluntary Cancellation (2) Cancellation by Departmental Authorities
In the following circumstances, a taxpayer may request GST cancellation:
To cancel the registration, the taxpayer must file an online application with their jurisdictional range officer after clearing all pending GST dues and filing the necessary GST returns.
Some common reasons for cancellation by authorities include:
It indicates that the taxpayer is no longer obligated to file GST returns and is no longer enrolled for GST.
Either the taxpayer or the department may voluntarily cancel GST for certain reasons.
Yes, you can apply after paying off all of your GST debts if you shut down your company or are no longer taxable.
Since you will no longer be subject to GST legislation, you are unable to collect GST, file returns, or claim ITC.