Easy Process to Cancel GST Registration on Online Portal

GST Registration Cancellation Process on Online Portal

GST registration cancellation is the functioning of de-registering the business entity from the GST system. GST registration would be essential for businesses that secure a yearly turnover of more than a specified limit. A GST registration could get abolished for any cause, along with that:

Closure of business operations.
Change in business ownership or structure.
Change in the nature of business activities.
Non-compliance with GST regulations.
Transfer of business ownership.

The business entity should file the application in the specified form (Form GST REG-16) for cancelling the GST registration on the GST portal. Under 30 days from the date on which the registration cancellation would need, the GST registration cancellation application would be needed to get filed.

Once the application would get filed then the GST officer asks for other data or documents in order to process the application. When All the conditions meet the benchmark and if the officer would get satisfied with the same then the GST registration shall get abolished 30 days from the application date.

Prior to the GST registration cancellation, the business entity should file all the due GST returns and file any due taxes, interest, or penalties prior to the cancellation.

The following processes are involved in the revocation of GST registration:

Log in to the GST portal: The initial process is to log in to the GST portal through the use of a registered user ID and password.
Proceed to the Services menu: Tap on the “Services” tab and choose “Registration” from the drop-down menu.
Select the option of Cancellation of Registration: Under the “Registration” tab, select the “Application for Cancellation of Registration” option.
Fill in Form GST REG-16: Insert in Form GST REG-16 with all the needed information, like the reason for cancellation, the date from which cancellation is needed, and the information of the authorized signatory.
Submit the application: Post filing the information submit the application accompanied with the needed documents.
Comply with the application: Once the application would get submitted then the same shall get validated via the GST officer. In the case of any discrepancy, the officer might urge for other documents or data. The petitioner should answer promptly to any requests in order to prevent any late processing of the application.
Receive the cancellation order: When the GST officer would consider the application along with the other supporting documents then he or she shall provide the order for the GST registration cancellation. The order shall get issued under the duration of 30 days from the application date.

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