Cancellation of GST Registration

Cancellation of GST Registration

The registration granted under GST can be canceled for specified reasons. The cancellation can either be initiated by the department on their own motion or the registered person can apply for cancellation of their registration. In case of the death of a registered person, the legal heirs can apply for cancellation. In case the registration has been canceled by the department there is a provision for revocation of the cancellation. on cancellation of the registration, the person has to file a return which is called the final return.

Reasons for cancellation of registration can be one of the following are as follows:

1	A person registered under any of the existing laws, but who is not liable to be liable under the GST Act;
2	The business has been discontinued, transferred fully for any reason including death of the proprietor, amalgamated with other legal entity, demerged or otherwise disposed of;
3	Change in the constitution of the business
4	The taxable person is no longer liable to be registered;
5	A registered person has contravened the provisions of the Act or rules made thereunder;
6	A person registered in a composition scheme have not filed returns for three consecutive tax periods;
7	Any registered person, other than composition taxpayer has not filed returns for a continuous period of six months;
8	A person who takes voluntarily registration has not commenced business within six months from the date of registration
9	Registration has been obtained by means of fraud, will-full misstatement, or suppression of facts.

Hey Apurv! Your summary on Cancellation of GST Registration is quite comprehensive and accurate. Here’s a clear and organized version with some additional explanation for your understanding or if you want to present it:

Cancellation of registration under GST can happen either:

Voluntarily by the registered person, or
Initiated by the department (Suo-motu) under certain circumstances.

In the event of death of a registered taxpayer, their legal heirs may apply for cancellation.

If the department cancels registration, there is a provision for revocation of cancellation within a stipulated time.

On cancellation, the taxpayer must file a final return covering the period from last return till the date of cancellation.

Valid reasons for cancellation of GST registration:

The person is registered under earlier laws but not liable under GST.
The business is discontinued, transferred fully (including death of proprietor), amalgamated, demerged, or otherwise disposed of.
Change in constitution of the business.
The person is no longer liable to be registered (for example, turnover falls below threshold).
The registered person has contravened provisions of GST Act or Rules.
A composition scheme taxpayer has not filed returns for 3 consecutive tax periods.
A regular taxpayer (non-composition) has not filed returns for a continuous period of 6 months.
A person who took voluntary registration but has not commenced business within 6 months from the date of registration.
Registration obtained by fraud, willful misstatement, or suppression of facts.