What If GST Number Is Cancelled?

What is suo moto cancellation?

Suo Moto Cancellation of GST Registration means cancellation of registration by GST Officer on its own.

Any liabilities prior to the date of suo moto cancellation will have to be paid by the taxpayer, irrespective of the fact that when determination of liabilities are done..

What is the process of GST cancellation?

The registration granted under GST can be cancelled for specified reasons. The cancellation can either be initiated by the department on their own motion or the registered person can apply for cancellation of their registration. In case of death of registered person, the legal heirs can apply for cancellation.

How do I avoid GST penalty?

Deduct tax/deduct appropriate tax in case of certain specific person (TDS provisions under GST law) at the rate of one per cent out of the payment to the supplier if the value of supply > 2.50 lacs or.deposit the tax deducted with the Government.

What happens if GST registration is Cancelled?

A registered person can submit an application for revocation of cancellation, in FORM GST REG-21, if his registration has been cancelled suo moto by the proper officer.

How do I revive a Cancelled GST registration?

Access the GST Portal at www.gst.gov.in. In order to enter into the account, enter the username and appropriate password. In the GST Dashboard, select services, under services select registration and further under registration select application for revocation of cancelled registration option.

Can I deregister for GST?

We will usually cancel your GST registration from the date you choose; however you can’t: cancel your registration retrospectively if you were still operating on a GST-registered basis after the date you chose. choose a cancellation date and then continue to operate on a GST-registered basis after that date.

Why GST registration is Cancelled?

The registration granted under GST can be cancelled for specified reasons. The cancellation can either be initiated by the department or the registered person or the legal heirs in case of death of registered person. … In this article, we will discuss about the process of cancellation & revocation of GST Registration.

What is the maximum penalty for GST?

25,000 rupeesA penalty of up to 25,000 rupees applies to any offense of the GST law that lacks a specifically prescribed penalty [Sec 125]. Compared to earlier tax laws (i.e., Excise Duty, Service Tax, VAT), the GST tax regime contains a substantial increase in the maximum penalty levied.

How do you check GST number is Cancelled or not?

Here is a guide on how to check GST Application Status or GST Registration Status:Step 1 – Go to GST Portal.Step 2 – Go to ‘Services’ > ‘Registration’ > ‘Track Application Status’.Step 3 – Enter the ARN received by you on submitting GST Registration Application, Also enter the Captcha code and click on SEARCH.

How do I file my Gstr 10 after cancellation?

A taxable person whose GST registration is cancelled or surrendered has to file a return in Form GSTR-10 called as Final Return….Steps to file GSTR 10Access the www.gst.gov.in URL. … Login to the GST Portal with valid credentials.Click the Services > Returns > Final Return command.

Is GST penalty waived off?

The late fee waiver for GSTR-1 for the period July 2017 to November 2019, further extended till 17th January 2020 from 10th January 2020. The late fee waived off for GSTR-1 for the period July 2017 to November 2019, if the taxpayer submits the return before 10th January 2020.

Can a Cancelled GST be reinstated?

When GST Registration has been cancelled by GST Officer in response to the application filed by a registered person, and the registered person wants to start its GST Registration again, then he has to apply for fresh GST Registration.

When can one request for GST advance ruling?

An applicant can apply for advance ruling even before taking up a transaction (proposed supply of goods or services) or in respect of a supply which is being undertaken. The only restriction is that the question being raised is already not pending or decided in any proceedings in the case of applicant. Q 7.

What is suo moto cancellation of GST registration?

If GST Registration of any dealer is cancelled Suo Moto by GST Officer then Section 30 of CGST Act 2017 read with rule 23 of CGST Rules 2017 gives an opportunity to GST dealer to apply for revocation of his cancelled GST within 30 days from the date of service of the cancellation order, after rectifying the error/ …

Is it required to file Gstr 9 when Gstin Cancelled?

Yes, the annual return needs to be filed even if the taxpayer has got his registration canceled during the mentioned financial year. Should one file form GSTR-9 return at the entity level or GSTIN level?

What if GST return not filed for 6 months?

According to sources, PK Dash, Chairman, CBIC, expressed his displeasure in the progress of cancellation of registration of non-filers who have not filed GSTR 3B (showing tax payments) returns for six or more than six return periods and are liable to action under GST law.

Can I activate a Cancelled GST registration after 30 days?

Ans: Application for revocation of cancelled registration can be accessed within 30 days, from issuance of the Cancellation Order on the GST Portal, after logging in.