GST (Goods and Services Tax) cancellation refers to the process of de-registering or canceling a GST registration.
GST (Goods and Services Tax) cancellation refers to the process of de-registering or canceling a GST registration. This can be done by a business or taxpayer if they no longer meet the criteria to be registered under GST, or if they voluntarily choose to cancel their registration.
(1) Compliance with GST Laws
(2) Business Closure or Transition
(3) Avoidance of Unnecessary Costs
(4) Effective Use of Input Tax Credit (ITC)
(5) Reduced Risk of Non-Compliance
(6) Legal Protection and Formal Closure
(7) Improved Financial Management
(1) Log in to the GST Portal
(2) Navigate to the 'Services' Tab
(3) Select 'Application for Cancellation of Registration'
(4) Fill out GST REG-16 Form
(5) Provide Supporting Documents
(1) GST Registration Certificate
(2) Final GST Return
(3) Reason for Cancellation
(4) Taxpayer’s Declaration (GST REG-16 Form)
(5) Proof of Business Closure (if applicable)
(6) Photocopy of Business Premises (if applicable)
(7) Bank Details
(1) What is GST cancellation?
(2) Who can apply for GST cancellation?
(3) What documents are required for GST cancellation?
(4) What happens after I apply for GST cancellation?
(5) How long does it take to process GST cancellation?