GST Cancellation
GST Cancellation is the process of legally surrendering a GST registration when a business is closed, discontinued, or no longer liable to be registered. TRAX ensures your GST is cancelled correctly without future penalties or notices.
What is GST Cancellation?
GST Cancellation refers to the termination of a taxpayer’s GST registration. Once cancelled, the business is no longer required to collect GST or file GST returns. However, cancellation must be done properly to avoid future compliance issues.
Who Can Apply for GST Cancellation?
Taxpayers opting for voluntary cancellation due to business closure or turnover reduction.
Cancellation initiated due to non-filing of returns or violations.
In case of death of sole proprietor.
Common Reasons for GST Cancellation
Permanent closure of business operations.
Business no longer required to be registered.
Merger, sale, or conversion of entity.
Non-filing of returns or violations triggering departmental action.
GST registration obtained by mistake.
Transfer of ownership to another person.
GST Cancellation Process
Review eligibility & reason
Prepare final returns & liabilities
Apply for cancellation on GST portal
Order of cancellation issued
Cancel Your GST Registration with TRAX
Share your details and our GST experts will guide you through the cancellation process.