GST Cancellation

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Quick Summary

If you're planning to cancel your GST registration, you'll need to file your annual returns before submitting the cancellation application. This applies to all regular registered taxpayers, regardless of their turnover. While annual returns might not be mandatory for turnovers below ₹1.5 crore, filing them is advisable for accurate declaration of input tax and liabilities.

pranab sarma

pranab sarma (Querist)

08 August 2020 I am going to cancel my GST registration. I have filed all GST returns (GSTR-3B and GSTR-1) from the date of my registration to till last month, but I did not filed annual returns since my turnover have always been below 1 crore. My question is can I apply for cancellation now or I have to file annual returns before filling cancellation ?

Please suggest and thanks ..

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)

08 August 2020 though it is not mandatory for below Rs 1.5 crore but advisable to file annual return from assessment point of view as you can declare your input and tax liabilities correctly.

Lekhraj sood

Lekhraj sood (Expert)

08 August 2020 Annual return is to be filed by the regular registered tax payers (regular,composition and e-commerce operators) irrespective of turnover.You have to file annual return before applying for cancellation.

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