GST (Goods and Services Tax) registration cancellation refers to the process of canceling a GST registration if a registered person or business no longer meets the conditions required for GST registration or if they choose to voluntarily cancel their registration.

Reasons for GST Registration Cancellation

1. Voluntary Cancellation: A business may choose to cancel its GST registration if it no longer wishes to be a part of the GST system.
2. Non-compliance: Failing to file GST returns for a specified period or other violations of GST laws can lead to cancellation.
3. Change in Business Activity: If the business is no longer engaged in taxable activities, it can opt for cancellation.
4. Turnover Drops Below Threshold: If the turnover falls below the mandatory registration threshold, a business can apply for cancellation.
5. Death of Business Owner: In case of death of the business owner, the GST registration can be canceled.

Steps for GST Registration Cancellation

1. Log into GST Portal:

   • Visit the official GST portal (www.gst.gov.in).
   • Login using the GSTIN and password.

2. Navigate to Cancellation Request:

   • Go to Services → Registration → Application for Cancellation of Registration.

3. Fill the Cancellation Application:

   • Fill in details like the reason for cancellation, the date of cancellation, and any other required information.

4. Submit the Application:

   • Submit the application after reviewing all details. An acknowledgment will be generated.

5. Verification by GST Officer:

   • After the application is submitted, a GST officer will verify the details.
   • If the officer finds the application in order, they will cancel the registration.

6. Cancellation Confirmation:

   • Once the cancellation request is processed, you will receive a confirmation of GST cancellation along with a cancellation order.

7. Settle Outstanding Dues:

   • Ensure all taxes, interest, and penalties (if any) are paid before cancellation. The GST department will check for any outstanding dues.

Important Points

• Final GST Return: After cancellation, you must file a final GST return to report any taxes owed or receivable.
• Return of Stock: If there’s any stock at the time of cancellation, it may be subject to GST. You'll need to report and pay the tax accordingly.