The Central Board of Indirect Taxes and Customs has introduced a new facility allowing taxpayers to withdraw their application for GST registration cancellation. This option is available for applications filed in Form REG-16, provided a tax officer has not yet initiated action. The process involves submitting specific details about remaining stock, payments, and any outstanding liabilities.
The Central Board of Indirect Taxes and Customs has allowed taxpayers to withdraw their application for cancellation of registration (filed in Form REG-16) unless the tax officer has initiated action on it.
What is Form REG-16?
The application for the cancellation of registration under GST has to be made in FORM REG-16. The following details must be included in the form:
The list of stock that is remaining on the date of the application of registration
Details of the payment
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FAQ :
Yes, taxpayers can now withdraw their application for cancellation of registration (filed in Form REG-16) on the GST Portal, as long as a tax officer has not yet taken action on it.
Form REG-16 is the application form used by taxpayers to apply for the cancellation of their registration under the Goods and Services Tax (GST) system.
Form REG-16 requires details such as the list of remaining stock on the application date, payment information, and any outstanding liabilities.
A GST officer must issue an order for cancellation in FORM REG-16 within 30 days of the application being submitted.
No, you cannot file an application for revocation if your registration was cancelled because you failed to file returns. Any outstanding tax, interest, and penalty must be paid first.