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GST Cancellation
GST Cancellation
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A 10-digit alphanumeric identifier, Tax Deduction and Collection Account Number (TAN), is required for individuals or entities liable to deduct or collect tax at source (TDS/TCS) and file related returns. The application for TAN must be submitted using Form 49B within one month of tax deduction. It is mandatory to quote this number on all TDS certificates, returns, and challans to ensure compliance with tax regulations.

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GST Cancellation

If you are considering cancelling your GST registration due to inapplicability or business closure, Lexprosoft offers comprehensive advisory services to facilitate this process. Our expert team will guide you through the entire GST cancellation procedure, ensuring a streamlined experience. Whether your decision stems from a valid reason or other circumstances, we provide the necessary expertise to navigate the intricate requirements of GST cancellation.
To initiate GST registration cancellation, you are required to submit an application on the GST Common Portal using FORM GST REG-16, accompanied by requisite information. Upon submission, the GST officer undertakes verification of the application and issues an order in FORM GST REG-19 within 30 days from the date of application.
Lexprosoft is a trusted business platform that delivers end-to-end incorporation, compliance, advisory, and management consultancy services, catering to clients in India and internationally. Our service offerings encompass GST registration, GST cancellation, complimentary GST advisory, GST return filing, TDS return filing, trademark registration, and more.
For a straightforward and cost-effective approach to GST registration in India, connect with us to learn about the application process, acquiring a GST number, and the essential documentation required for GST registration.

Documents Required for GST Cancellation

The documents required for cancellation of GST registration include:
PAN Card of the registered person.
GST registration certificate.
Identification proof of the authorized signatory.
Address proof of the authorized signatory.
Bank account statement or a cancelled cheque showing the account linked with the GSTIN.
Certificate of business closure or an affidavit confirming closure.
Evidence of business asset sale or transfer, if applicable.
GST returns filed up to the cancellation date.
Any additional documents requested by the GST officer.
Ensuring the submission of these documents is crucial for a compliant and successful cancellation process.

Choose Lexprosoft for your GST Cancellation !

Lexprosoft offers seamless GST cancellation services tailored to meet your specific needs. Whether you are closing your business, changing its structure, or voluntarily opting out, our experts ensure a smooth process. From preparing the application and verifying documents to handling submissions and final compliance, we take care of everything efficiently. With our personalized guidance and post-cancellation support, Lexprosoft ensures a hassle-free experience while adhering to all GST regulations.
Contact our Experts today and take the first step towards your startup success!
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GST cancellation FAQ's
What is GST cancellation?
GST cancellation refers to the termination of a taxpayer's GST registration. After cancellation, the taxpayer is no longer required to file GST returns or pay GST.
Who can apply for GST cancellation?
GST cancellation can be initiated by:
The registered taxpayer (voluntary cancellation).
GST officers (suo moto cancellation).
Legal heirs in case of death of a registered individual.
What are the reasons for GST cancellation?
Reasons include:
Discontinuation or closure of business.
Transfer of business ownership.
Change in business structure (e.g., sole proprietorship to partnership).
Taxpayers opting out of the GST composition scheme.
Non-compliance, such as non-filing of returns.
Can GST registration be canceled voluntarily?
Yes, taxpayers can voluntarily apply for cancellation if their business is no longer operational or their turnover falls below the GST threshold limit.
What is suo moto GST cancellation?
Suo moto cancellation is initiated by GST authorities due to non-compliance, such as:
Non-filing of returns for consecutive tax periods.
Providing incorrect or fraudulent information during registration.
What happens to the ITC after GST cancellation?
Unutilized Input Tax Credit (ITC) in the electronic credit ledger lapses upon cancellation. Taxpayers may need to reverse ITC on closing stock.
What is the timeline for GST cancellation?
Once the cancellation application is submitted, the GST officer must review and approve it within 30 days of submission.
What happens if GST is canceled but the business continues?
Continuing a business without GST registration is illegal and can lead to penalties, including fines and prosecution.
Can canceled GST registration be restored?
Yes, taxpayers can apply for revocation of cancellation within 30 days of cancellation if it was initiated by the GST officer.
Is there a penalty for late application for GST cancellation?
If a taxpayer fails to apply for cancellation after business discontinuation, they may incur penalties for non-compliance or failure to file returns.
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