Revocation of GST
Sagar Dey (6 Points)
09 January 2023department cancelled this reg. 2 years ago and party now want to revoke it
what is the procedure? what can be the penalty?
Thanks in advance.
Sagar Dey (6 Points)
09 January 2023
Sonnal Khandaray
(221 Points)
Replied 09 January 2023
Online application can be made for recovation.
Mitali
(Finance Professional)
(16139 Points)
Replied 09 January 2023
If the business wishes to revoke the cancellation of its GST registration, it can do so by making a representation to the department and explaining the circumstances that led to the cancellation. The business will need to provide supporting documents and evidence to show that it is eligible for GST registration and that it meets the conditions for obtaining and maintaining GST registration.
As for the penalty, if the cancellation of GST registration was due to the failure of the business to comply with the GST laws and regulations, the business may be liable to pay a penalty. The amount of the penalty will depend on the nature and severity of the violation.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 09 January 2023
sabyasachi mukherjee
(27740 Points)
Replied 11 January 2023