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A registered Taxpayer can file an application for cancellation of GST registration on the occurrence of any of the following events:
- Discontinuance of business or closure of business.
- Taxable person ceases to be liable to pay tax.
- Transfer of business on account of amalgamation, merger, de-merger, sale, leased or otherwise.
- Change in constitution of business leading to change in PAN.
- Registered voluntarily, but did not commence any business within specified time.
- Taxable person no longer liable to be registered under GST Act.
- Death of sole proprietor
- Pan Card of the authorized Signatory
- Aadhaar card of the authorized signatory
- Last Return Detalis
- Company Authority Details: When an existing unit is merged, demerged, transferred
- Tax Particulars: Tax is payable on stock of input and capital and input available on semi-finished and finished goods
The following people cannot file an application for cancellation of GST registration:
- Persons registered as Tax Deductors / Tax Collectors
- Persons to whom UIN has been allotted
While filing the application for cancellation of registration, the Taxpayer needs to fill the value of stock and corresponding tax liability on the stock, and accordingly offset the liability (tax payable) from Electronic Cash Ledger / Electronic Credit ledger equivalent to the credit of input tax in respect of inputs held in stock and inputs contained in semi-finished goods or finished goods held in stock or capital goods or plant and machinery, on the day immediately preceding the date of such cancellation or the output tax payable on such goods, whichever is higher, calculated in such manner as may be prescribed.
In case of capital goods or plant and machinery, the person shall pay an amount equal to the input tax credit taken on the said capital goods or plant and machinery, reduced by such percentage points as may be prescribed or the tax on the transaction value of such capital goods or plant and machinery, whichever is higher.
In case of Nil or no amount to be entered by Taxpayer in value of stock and tax payable section, the Taxpayer can still submit the form.