WHEN DO WE OPT FOR GST CANCELLATION?
In some cases, a taxpayer may opt for the cancellation of GST registration. The below-mentioned circumstances specify the certainty that a taxpayer is likely to opt for cancellation of GST registration.
GST CANCELLATION STATUS AFTER 28TH GST MEET
After the completion of the 28th GST meeting, the government has altered the GST registration cancellation process. Now there is a provision of GST registration completion immediately after the request for surrender has been made. The provision for GST cancellation also states that no liability is structured to be imposed on you once you have opted for GST registration cancellation.
WHEN IS LEGAL GST CANCELLATION INDIA ENFORCED?
If you have earned an unlawful GST registration then your GST registration is subjected for cancellation.
If you are not keeping the proper record of your GST returns then your GST registration is subjected for cancellation.
If you have not paid your GST since a long by then your GST registration is subjected for cancellation.
if you are getting involved in any kind of unauthorized business activity then you r GST registration is subjected for cancellation.
if you are not following the norms of GST in a proper way then your GST registration is subjected for cancellation.
if you are not conducting any kind of business activity since a long time then your GST registration is subjected for cancellation.
HOW TO DO GST CANCELLATION?
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