applied for gst cancellation on 01.01.2020 due to closing of business. still its status showing pending for processing/ assigned to centre. No transaction done after registration. Everytime filed NIL return since its registration. From May' 2021 no filing done. received so many notice. what i can do now as it showing too much late fee and i dont have a single rupee in my pocket ? kindly guide. should i leave it as it is??? will it automatically closed ?
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Quick Summary
If your GST cancellation application filed in 2020 is still pending and you've stopped filing NIL returns, you're likely receiving notices for late fees. It's crucial to understand that GST registration isn't automatically cancelled; you must continue filing returns until an order is passed by the GST officer. Leaving it unresolved can cause issues when applying for future business registrations.
The registration will get cancelled but whenever you will try to start a new business and apply for a new registration on your PAN, your old incompleted proceedings will start again.