This is the part 2 of the last post from the start full process
How can your GST Registration will be Cancelled (PART 1)????? BEST GST SOFTWARE
Now come forward and see that after this what happens:::
An application must be submitted to cancel registration in FORM GST REG-14 with following details:
- All inputs held in stock on the date when cancellation of registration is applied.
- liabilities as on date
- Details of payments on made against such liabilities.
- All relevant documents in support with in 30 Days of cancellation of registration.
- Cancellation of GST does not effect liabilities of a person to pay tax,interest ,penalty or other dues.
- Cancellation under any GST law means cancellation of registration under all GST laws.
By way of debit in the ledger,equal to the ITC on inputs of semi-finished or finished goods held in stock or capital goods,plant goods and machinery on the day immediately preceding the day of such cancellation or the output tax payable on such goods which ever is higher.
REGISTRATION TO BE CANCELLED IN CERTAIN CASES:
- Cancellation should takes place if the person does not have business on the specific address where it is declared.
- Issue invoice or goods without supply of goods and services in violation of provision of the act.
REVOCATION OF CANCELLATION OF GST REGISTRATION:
- Submit an application on FORM GST REG-20, with in 30 days.
- If cancellation is due to failure in return filling there is no such application to be submitted.
- If the application for revocation will be accepted than order will be passes in FORM GST REG-21 with in 30 days.
- If application is rejected than order will be passed on FORM GST REG-05.
This is the whole process you can read it carefully every aspects of this must know everything about cancellation of gst registration.
Here is the list of software products that make your work more and more easily with GST billing and accounting choose anyone for your business:
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