GST cancellation process

Save Share

This query is : Resolved

Quick Summary

If you've registered for GST but haven't filed returns and wish to cancel, you'll need to file all outstanding returns first. Any penalties, interest, or late fees must be paid in cash, as they cannot be offset against input tax credit (ITC). Unused ITC will be forfeited, and you must file nil returns until the cancellation order is issued. It's also possible your registration has already been cancelled by the department due to non-filing.

Madhu M

Madhu M (Querist)

28 August 2020 Hi sir,

Query : GST cancellation process

I have Taken GST Registration on 07/09/2019 & till now I Have not Done any monthly Returns and Now i want Cancel my GST Registration.. But there is some around 20000/- Input Available in fy 2019-20 ...What to do sir ???? please Tell me the cancellation process & total Penalty ,Interest , late filing fee & is there any cancellation charges ...???
please do the needful sir

Thanks in Advance
Madhu M

Rupesh Jain

Rupesh Jain (Expert)

29 August 2020 file you gst return, and after that you have to file for cancellation.
may possible you number already cancel by deptt. due to non filing of return.
fine penality to be paid in cash by you, its not adj with input credit.

Message likes : 1 times

Piyush Verma

Piyush Verma (Expert)

29 August 2020 You need to file GST returns, the applicable interest and late filling fees will be applied which needs to be paid in cash. Whatever ITC you have can be claimed and un-adjusted ITC will be lost. Post this you can file for cancellation. In case of no business / outward supplies, you will have to file NIL returns till the date of cancellation Order.

Message likes : 1 times

Madhu M

Madhu M (Querist)

29 August 2020 Thanks for your Advise sir

Fy-2019-20 ITC can we claim up to Sept 2020 sir

Rupesh Jain

Rupesh Jain (Expert)

07 September 2020 yes...........................

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now