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Can i cancel gst registration?

Swady (Digital World) (115 Points)

13 November 2017

Hi, I've registered a sole prioprietorship setup and as per the GST rules, I don't any turnover yet but since it's ecommerce type I need to get GST. So here are my queries -

1. Suppose I do get alloted GSTIN and I wish to close this ecommerce business, can I cancel GST registration later on?

2. I don't expect any sales for the 1st 6 months of operation so do I've to submit zero figures in the GST portal every quarter?

3. Recently, SBI Credit Card, HDFC Ergo asked for GSTIN.. so although that's not directly connected with my business in anyway can I claim GST refund from the GST that I pay to these guys for the expenses that I incur?

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6 Replies

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 13 November 2017

2. Yes...
3. No. If it's not connected your business...

1. Two options in 1st question.
I) No : If you added the business activityof e-commerce only then no way...
ii) Yes :If you added multiple business activities then Yes...

g mahesh Mundra (Business and tax consultant) (3299 Points)
Replied 13 November 2017

now for e commerce business if turnover below 20 lacs no need to register in GST

g mahesh Mundra (Business and tax consultant) (3299 Points)
Replied 13 November 2017

so you just cancel your GST and continue your business in e commerce if your turnover is below 20 lakhs

Swady (Digital World) (115 Points)
Replied 15 November 2017

Originally posted by : RAJA P M
	2. Yes... 3. No. If it's not connected your business... 1. Two options in 1st question. I) No : If you added the business activityof e-commerce only then no way... ii) Yes :If you added multiple business activities then Yes...

3. "No.. if it's not connected your business"... actually, it's like this.. I pay my business expenses through Credit Card and GST was charged on the statement/credit payment.. so in this case I can ask for gst refund from the gst portal right?

1. Under 1 GST license I can mention multiple business activities?

Swady (Digital World) (115 Points)
Replied 15 November 2017

Originally posted by : g mahesh Mundra
	so you just cancel your GST and continue your business in e commerce if your turnover is below 20 lakhs

If my buyers are from different states then I've to charge GST isn't?

My seller sells products after adding GST on his end.. so if I cancel GST I won't be able to get input tax credit right?

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 15 November 2017

Originally posted by : Swady

Originally posted by : RAJA P M

2. Yes... 3. No. If it's not connected your business... 1. Two options in 1st question. I) No : If you added the business activityof e-commerce only then no way... ii) Yes :If you added multiple business activities then Yes...

3. "No.. if it's not connected your business"... actually, it's like this.. I pay my business expenses through Credit Card and GST was charged on the statement/credit payment.. so in this case I can ask for gst refund from the gst portal right?

*It's jsut a gateway of Payment options not a supplies and Not in Your Business name. So, Not available.

1. Under 1 GST license I can mention multiple business activities? -

- Yes... But, In my view If Single premises then Reasonable Supplies is Applicable...

Also you can open Additional place of business...