An assessee registration was cancelled suo-moto by department for non-filling of GST Returns and there existed no pending tax,interest or penalty etc.
Can such assessee after cancellation issue non-GST invoices for its ordinary business?
Other facts:
Turnover 1st Year: 38 Lakhs
Turnover 2nd Year: 12 Lakhs
Turnover 3rd Year: 5 Lakhs (This was the year when registration was suo-moto cancelled)
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Invoicing after cancellation of registration
Replies (5)
Quick Summary
Yes assessee can issue invoice also after cancellation of GST .
In the given case, does liability to apply for revocation of Cancellation certificate or apply for fresh registration exists (seeing the turnovers) ?
No you need to want to register. But pay whole tax on stock available on date of closure.
So, an assessee can be required to obtain compulsory registration in a year, when turnover is more than 20 Lakhs and can also apply for cancellation of registration when turnover falls below 20 Lakhs in previous year and also not expected in current year. This can continue for any number of time? (Assessese is in service industry, so no issue with stocks and fixed assets.)
He can do so but department will not allow frequent closure and registration, they can conduct scrutiny or audit for frequent cancellation and registration. It's not advisable
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