Cancellation of migrated gst dealers

Rate / HSN codes 293 views 3 replies

G A J MOL

58 Points Joined July 2017

Sincde a couple of days it is possible on the GST portal to cancel the GST registration for dealers who are migrated because they were registerd in the previous Commercial Tax Regime (VAT, ,LT etc) but have an annual turnover less than Rs. 20 lakh.

You get an OTP and later an e-mail acknowledgement of cancellation with the warning: "In reference to the above application, your provisional ID is cancelled effective from appointed date. The application is subject to verification by the jurisdictional tax officer and an appropriate action may be taken by him."

Good luck.

Replies (3)

Guest

is that`s right u governmen see really u r not cross the limit of 20 laksh

and any tax to be paid after this they will cancelled ur gst registration no

G A J MOL

58 Points Joined July 2017

I suppose the tax officers will come and check your annual accounts and audit report which has to proof that your annual turnover is less than 20 lakhs. Also in the previous tax regime they came to check your annual turnover, but at that time Luxury Tax was compulsory and had no treshold. VAT had a annual treshold of 10 lakh.