impact due to enhanced threshold limit for registration for normal supplier and supplier under composition scheme if gst council 32nd meeting recommendation get's notified..
can (already reg'ed) supplier cancel his reg. in accordance with enhanced threshold limit for reg. if such limit get's notified
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gst provisions
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this provision applicable form 1 April 2019
yes you can cancel if your turnover doesn't exceed 40lac but after the same gets notified
Wait for Notification to be issued in this regard , till date the threshold limit is 20lac only
Currently you can't cancel the gst registration until your turnover is less than 20 lakhs.
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