Cancellation of registration

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40 Points Posted on 26 March 2018
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.
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On 26 March 2018 at 18:48 Report
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"Do the Right Thing...!!!"
77792 Points Posted on 26 March 2018
After Completing the next FY then may be Yes...
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On 26 March 2018 at 20:12
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NONE
110 Points Posted on 26 March 2018
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
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On 26 March 2018 at 21:31
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"Do the Right Thing...!!!"
77792 Points Posted on 26 March 2018
Nothing to Penalties if Turn Over less than 20lakhs in the next FY then we can go to cancel the Registration...
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On 26 March 2018 at 21:39
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40 Points Posted on 30 March 2018
Thanks Raja and rishi.
Rishi, Can you mention the section number.
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On 30 March 2018 at 11:59

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