GST Modification Original price was: 1,499.00 ₹.Current price is: 999.00 ₹.
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GST Return Original price was: 1,499.00 ₹.Current price is: 999.00 ₹.
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GST Cancellation

Benefits of GST Cancellation :

  1. Elimination of GST Liabilities: Avoid unnecessary tax filings and payments if no longer required.
  2. Simplified Compliance: No need to maintain GST-related documentation and filings post-cancellation.
  3. Reduced Financial Burden: Helps businesses below the GST threshold save on tax liabilities.
  4. Prevents Legal Issues: Cancelling promptly prevents penalties for non-compliance.
  5. Avoid Unnecessary Notices: Stops government notices and assessments for inactive or dissolved businesses.

Original price was: 1,499.00 ₹.Current price is: 999.00 ₹.

Required Documents
  1. GST Certificate
  2. Reasons for Cancellation
Services

Change in Non-core fields such as
HSN/ SAC Code
Contact Details

Description

GST cancellation refers to the process of legally terminating a registered taxpayer’s GST identification number (GSTIN), effectively removing the business from the GST framework. A cancellation can either be initiated by the taxpayer voluntarily or enforced by authorities due to non-compliance with GST regulations.

Reasons for Legal Enforcement:

  1. Non-filing of GST Returns: If a taxpayer under the regular scheme has not filed GST returns for six consecutive months.
  2. Composite Scheme Returns: If a taxpayer registered under the composite scheme has failed to submit GST returns for three consecutive months.
  3. Inactive Business: No business activity initiated within six months of obtaining GST registration.
  4. Fraudulent Registration: If GST registration was obtained through deceptive or illegal means, the certificate will be revoked with retrospective effect.
  5. GST Non-payment: If any tax evasion or intentional avoidance of GST payments is discovered, legal action is initiated, leading to cancellation.
  6. Violation of Norms: Breaching rules under the CGST Act of 2017 results in statutory cancellation.

Voluntary Cancellation: Taxpayers may voluntarily apply for GST cancellation for the following reasons:

  1. Accidental GST Registration: If registered inadvertently, leading to unnecessary tax liabilities.
  2. Turnover Below Threshold: If an individual’s turnover is below ₹20 lakhs, they may opt for cancellation to avoid undue tax obligations.
  3. Business Dissolution/Amalgamation: A GST cancellation is necessary to prevent receiving tax notices after the business is closed or merged.
  4. Exemption After Rule Changes: If changes in GST thresholds make the taxpayer exempt, they can cancel their registration.
  5. Ownership Transfer: In case of a business takeover, the previous GST registration must be surrendered to prevent liability under the former owner’s name.

Process:

  1. Online Details Submission: Provide GST details and reasons for cancellation.
  2. Consultation: Seek advice from a business consultant on the cancellation process.
  3. Assignment: After placing the order, a professional will be assigned to handle the process.
  4. Form Submission: The professional will file Form GST REG-16 with the relevant authorities.
  5. Acknowledgment: Upon successful submission, an acknowledgment will be provided.
  6. Final Cancellation: Once the details are verified, the GST status will be officially marked as ‘canceled.’