Cancellation of GST registration simply means that the taxpayer will not be a GST registered person any more. He will not have to pay or collect GST or claim input tax credit and accordingly, need not file GST returns.
Conditions, When a Taxpayer Can Cancel the GST registration?
1). Discontinuance or closure of the business
2). Taxable person ceases to be liable to pay tax
3). Transfer of business on account of amalgamation, merger de-merger, sale, leased or otherwise
4). Change in constitution of business leading to change in PAN
5). Registered voluntarily but did not commence any business within specified time
6). A taxable person not liable any longer to be registered under GST act
Information required to fill the cancellation form
- Address, Email-id and Registered Mobile Number.
- Reason for cancellation of GST registration and the desired date to Cancel.
- Particulars on which tax is payable: input available on semi-finished and finished goods, Stock of input and stock of capital.