Hi, Experts & Seniors, I have started practice 3 years back and in between I was partner of my brothers firm and then was with a job for some time and then started individual practice last year wrongly got registered with Service Tax and the same migrated to GST but my turnover is less than 7 lakhs till date and not able to do full-time practice due to some personal issues, but holding full-time COP, as per my assumption my total turnover for this year will not go beyond 15, lakhs for this year, and next year I'll not do full-time practice,so I wanted to know, do I need to collect GST and pay to Govt or is there any way to cancel the registration. As it is mandatory to file GST Returns in time so, I have filed two-month as return as nil, as there was no invoice raised.
Is this compulsory for me to collect and pay the tax? or I can continue file Nil return.
Your response is highly appreciatable.
Hakim
CAclubindia
