GST Cancellation Process

What is the Cancellation of GST Registration in India?

Cancellation of GST registration means that the Tax Authority cancels the GST Number or GSTIN issued to a taxpayer registered under GST initially. This process is called GST Cancellation.

Who can cancel GST Registration?

• Requested by Taxpayer
• GST Officer
• The legal heirs of the taxpayer

Here is the step by step guide of cancelling on GST Portal-

1. You can cancel your GST registration by visiting this link https://services.gst.gov.in/services/login. Once you have logged in with your credentials, you will have to click on ‘cancellation of provisional registration’ on the right side.

2. Once you select Application for GST Cancellation three option will appear:

Basic Details - Address of Principal Place of Business, Email, and Mobile Number
Cancellation Details - Select the reason for cancellation from the dropdown and enter Cancellation details
Verification - Select Authorised Signatory name button from the dropdown and enter a place

3. Next Step, then click on the “Save and continue” button to proceed.
4. Select the Reason for GST Cancellation from the drop-down list on the cancellation details tab. Enter the date from which registration to be canceled and Enter the GSTIN of the transferee.

5. In the next step, Click the SAVE and CONTINUE button to continue

6. Enter the stock and ITC details to be reversed on the existing stock

7. Fill in details of such GST paid. 

8. Click to submit

9. Thereafter, check the Verification statement box to declare that the information given in the form is true and correct and that nothing has been concealed therefrom.

10. Finally, Sign the form by using either your DSC (Digital Signature Certificate) or EV

11. Click on the option submit with “DSC OR EVC” to submit the application.

In case you need assistance with the GST Cancellation or GST Registration you can arrange a call from FinacBooks business advisors at 8800221252.