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GST Registration Cancellation

Registration 253 views 5 replies

A private limited co. Who has only 7 lakh rent income since 2017 want to cancel his GST number being below taxable ceiling i.e.20 lakh. In future if turnover crosses can he obtained fresh gst registration?

Replies (5)
That wont be an issue.
Instead of cancellation of RC you may file return in quarter
If your Aggregate Turnover is below the Threshold limit ( Rs. 20 lakhs ), then you may proceed to cancel your GST Registration now. No Problem. Why to take the unnecessary compliance hassle when your Turnover is quite below the prescribed turnover limit. Therefore you can surrender your RC now.

But in future, when your Aggregate Turnover exceeds the threshold limit of Rs. 20 lakhs, you have to apply for a Fresh GST Registration. No problem.

Dear Colleagues

Thank you very much for your valuable advise.

 

Your always Welcome Jatin Sir...


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