If my GST gets cancelled in Suo Moto cancellation then it will effect on my c/c limit? What should I do if I want to add another GST with same firm name. and also add in my previous bank account.
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Quick Summary
This discussion addresses the consequences of a suo motu GST cancellation, specifically its potential impact on your credit limit. It explores options for businesses wanting to register again under the same firm name, advising that a fresh registration with the same PAN might not be possible. The advice leans towards revoking the old registration or obtaining a new registration under a different PAN, and outlines how to proceed with an appeal if necessary.
In term of Circular 95/14/2019 GST , no you cannot apply fresh Registration under same PAN . Hence it's better to retain the old Registration by filing revocation or need to grant Registration under New PAN .