GST Registration Cancellation is necessary when a business discontinues its operations, merges, or undergoes any other change that makes the GST registration unnecessary. It is crucial to cancel GST registration to avoid compliance requirements, penalties, and tax filings once the business no longer needs it.

Canceling GST registration allows businesses to avoid unnecessary obligations and focus on restructuring or closure. With Vision Tax’s assistance, the cancellation process is smooth, ensuring compliance with all necessary formalities.

• Compliance Relief: Avoids ongoing compliance requirements and filing obligations.
  

• Prevention of Penalties: Eliminates the risk of penalties for non-compliance post-cancellation.
  

• Financial Clarity: Resolves outstanding dues and clears financial obligations related to GST.
  

• Closure of Business: Formalizes business closure from a tax compliance perspective.

1. Business Details: Basic information about the business and reasons for cancellation.

2. GST Returns Filing Status: All pending returns must be filed before cancellation.

3. Outstanding Dues: Any GST dues must be settled before the cancellation.

4. Supporting Documents: Bank statements, closure declarations, or other required documents.

• Business Discontinuation: Business that has ceased operations.
  

• Mergers or Amalgamations: Businesses that have merged or been absorbed into other entities.
  

• Turnover Below Threshold: Businesses with turnover falling below the GST threshold may apply for cancellation.
  

• Specific Cases for Composition Taxpayers: Composition taxpayers who are no longer eligible can also apply for cancellation.

1. Log in to the GST portal and navigate to the ‘Cancellation of Registration’ section.

2. Provide reasons for cancellation and submit supporting documents.

3. Ensure all GST returns are filed and dues are cleared.

4. Submit the application for cancellation.

5. Receive confirmation upon successful processing.

• PAN Card of Business or Individual: PAN of the entity applying for cancellation.
  

• GST Registration Certificate: Proof of registration.
  

• Proof of Closure (if applicable): Documents confirming business closure, if required.
  

• Bank Statements: Recent statements to verify transactions.
  

• Outstanding Dues Clearance: Proof of dues clearance if applicable.

1. Gather Necessary Information: Collect business and closure-related documents.

2. Ensure Compliance and Clear Dues: File all pending returns and clear outstanding GST dues.

3. Complete Cancellation Form: Fill in the details on the GST portal.

4. Submit and Wait for Confirmation: Submit the cancellation request and monitor for confirmation.

5. Receive Acknowledgment: Obtain the official acknowledgment of cancellation.

Our Fees: Rs. 5,000 + GST
Government Fees: No government fee for GST cancellation.

Processing generally requires 3-7 days.