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cancellation of gst registration.

05 February 2018

I've taken GST registration voluntarily,
my threshold limit is under 20lakhs, I'm a service provider.

Can I cancel my registration now or have to wait till march-2018.??

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7 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 05 February 2018

U HAVE TO WAIT FOR 1 YEAR AS THE REGISTRATION WAS VOLUNTARY

Henry Vakharwala (155 Points)
Replied 05 February 2018

1 year from date of registration or march ? plz clarify

CA SUDHINDRA D S (Practising CA) (761 Points)
Replied 05 February 2018

As per my view cancellation of registration can be done before March 18.

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 05 February 2018

FROM THE DATE OF REGISTRATION

Henry Vakharwala (155 Points)
Replied 05 February 2018

In recent council meeting it was decided that voluntary registration can be cancelled anytime but no notification comes yet..

Henry Vakharwala (155 Points)
Replied 05 February 2018

ok thank you..

CA Priyank Nagori (Chartered Accountant) (66 Points)
Replied 07 February 2018

Notification No. 3/2018 dated 23.01.2018 already deleted provisio of rule 20 where earlier cancellation was only possible after 1 year, but this requirement is done away by notification 3/2018. If we combine read section 22, 23 & 24 of CGST Act & rule 20 of GST rules, we can apply for cancellation any time now. But since Govt. is not implementing it, in my opinion, file writ petition in the court as govt. is not implementing notification 3/2018.