A GST Registration can be cancelled by the registered person or by GST Officer or by the legal heirs of the registered person, in case of death of the perso.GST registration cancellation is different from GST Registration amendment.
Voluntary cancellation by the registered person can be initiated in the following circumstances under Under Section 29 of the CGST Act:
Discontinuance or closure of operations or activities.
Transfer of business, amalgamation, merger, de-merger, lease or other pertinent reasons.
Change in business constitution ,ultimately change PAN.
Turnover reduces below the threshold limit for GST registration.
Death of the sole proprietor.
Before applying for GST registration cancellation, the taxpayer must file all the GST returns.In case there is non-compliance found with respect to GSTR-3B return or GSTR-1 return or GST annual return, the overdue returns must be filed before initiating the GST cancellation process.
Applying for GST cancellation:
An application for GST cancellation should be made in Form GST REG-16 on the common GST portal. In the GST cancellation application, the registered person must provide the following information:
Contact address, which includes the mobile number and e-mail address. Reason for cancellation.
The desired date of cancellation.
Particulars of the value and the tax payable on the stock of inputs, the inputs available in semi-finished goods, inputs available in finished goods, the stock of capital goods/plant and machinery.
Particulars of registration of the entity wherein the existing unit have been merged, amalgamated, or transferred.
Particulars of the latest GST return filed by the taxpayer along with the ARN of the particular return.