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Cancellation of registration
Example : A company applied for GST registration as current year turnover exceeds 20 lakhs. And next year turnover is not upto exceeding 20 lakhs. Now can that company apply for cancellation in the next year.
Replies (4)
After Completing the next FY then may be Yes...
Gst registration can be cancelled after 1 year from the date of registration.
Note :For certain businesses, registration under GST is mandatory. If the GST registration is cancelled and business is still continued, it will mean an offence under GST and heavy penalties will apply
Note :For certain businesses, registration under GST is mandatory. If the GST registration is cancelled and business is still continued, it will mean an offence under GST and heavy penalties will apply
Nothing to Penalties if Turn Over less than 20lakhs in the next FY then we can go to cancel the Registration...
Thanks Raja and rishi.
Rishi, Can you mention the section number.
Rishi, Can you mention the section number.
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