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Cancellation of GST registration
Cancellation by an Officer
Section 29 of the GST act allows a business entity to apply for the Cancellation of GST registration. Application for the Cancellation may be for any of the below-mentioned reasons
► Death of the proprietor in proprietorship firm
► Closure of Business
► Transfer, merger, de-merger or any of the similar reason
► Change in PAN due to change in the nature of Business
► Reduction of aggregated turnover below the threshold limit
► Miscellaneous reason with suitable proof
All the liabilities should be cleared before the application for Cancellation of the GST registration. Outstanding GSTR3B, GSTR1 or GSTR9 must be filed. Any outstanding liability will lead to the rejection of application of Cancellation.