From 1st July 2017, Goods and Service Tax was made effective in India, since then the government is trying to make the compliance easier by allowing online filings of forms, applications and returns.
The article discusses various provisions affecting cancellation of GST registration, persons who can apply for cancellation, probable reasons for cancellation and the procedure thereon.
Step 1 - Login to the GST portal. Click here.
Select the Services ⇒ Registration ⇒ Application for Cancellation of Registration option.
Step 2 – ‘Application for Cancellation of Registration’ form containing 3 tabs will appear on the screen, make sure that the ‘Basic Details’ tab is selected already. This section consists of pre-filled basic information and Address of Principal Place of Business.
Step 3 – Come over to the ‘Reasons for Cancellation’ drop-down list to choose the suitable reason for the same.
Reasons available to choose from are as follows:-
⇒Enter the date from which the registration is to be canceled as well as the reason specific details for the cancellation.
⇒Click the ‘SAVE & CONTINUE’ button.
Step 4 – Verification statement box is to be selected as an undertaking that the information provided in this form is true and correct and none of the information is concealed.
Step 5 - Use your DSC or EVC option to sign this form. Enter the OTP on the OTP verification page.