Thershold limit as per yesterday's decision by GST Council

Piyush Shirodkar (CA Final Student) (1358 Points)

11 January 2019  
With regards to yesterday's ammendments by GST Council with respect to threshold limit increase from Rs 20 lakhs to Rs 40 lakhs, if a business entity has an annual supply of Rs 36 lakhs and maintains a consistency annually, so can they cancel their GSTIN?