Query —
Mr.A is a registered person under GST. His turnover in 19-20 was Rs 40 lakhs. In 20-21 due to Covid-19 turnover is expected to be 5 lakhs only. Mr A wants to apply for cancellation of GST registration.
Q1. Can Mr A apply for cancellation?
Q2. If yes, then what will be the procedure for Re-Registration for GST in 21-22?
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Re-Registration procedure
Replies (8)
U can opt for composition scheme it will be a bettrr option
Yes..it is...but my point is that in GST the procedure for Re-Registration is not mentioned...whether it will be treated as a fresh application or else how?
Ya law is silent regarding this in my opinion it will be treated as fresh registration
Also while filling part B of Form GST REG-01...what will be considered as correct for the columns like
7.date of commencement of business and 8.date on which liability to register arises...?
7.date of commencement of business and 8.date on which liability to register arises...?
Date of commencement will be same as earlier and date of liability will be new
Yes as per the actual facts...but there is a good chance of notice being served in future asking clarification in this regards...
If notice comes thn provide them full clarification
Okk thanks for your time for discussion...
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