my sale purchase turnover is below 40 Lakh limit ,can I cancel my gst number, if I got some rental income from other shop after cancellation of my number then what
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Quick Summary
This discussion explores whether an individual can cancel their GST number if their sales and purchase turnover is below the 40 Lakh threshold. It clarifies that cancellation is possible after clearing pending returns and filing a nil return. The advice also touches upon the implications of receiving rental income from another shop after cancellation, noting that service allowable is up to 10% of the previous financial year's turnover.