If your GST registration has been cancelled—either voluntarily or by the tax authorities—you may have the option to restore it if your business operations have resumed. Here’s a quick guide on how to do that: Step 1: Check the Cancellation Status and Time Limit If your registration was cancelled andRead more
If your GST registration has been cancelled—either voluntarily or by the tax authorities—you may have the option to restore it if your business operations have resumed. Here’s a quick guide on how to do that:
Step 1: Check the Cancellation Status and Time Limit
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If your registration was cancelled and you wish to resume your business, you need to check whether you’re still within the allowed window for restoration.
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Typically, you can apply for restoration within a prescribed period (usually within 30 days from the cancellation date). If you miss this window, you might have to register as a new taxpayer.
Step 2: Log In to the GST Portal
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Visit the official GST portal and log in using your credentials.
Step 3: Submit an Application for Restoration
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Navigate to the registration section and look for the option to “Restore Registration” or “Resume Registration.”
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Complete the application form, providing all the required details and the reason for restoration (such as resumption of business).
Step 4: File All Pending Returns and Clear Outstanding Dues
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Ensure that any pending GST returns are filed.
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Settle any outstanding taxes or interest to avoid complications during the restoration process.
Step 5: Await Approval
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After submitting your application, the GST authorities will review your request.
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If approved, your GST registration will be restored, and you can continue with your business activities under the same GSTIN.
Yes, you can apply for the surrender of your GST registration if you no longer meet the eligibility criteria or if you wish to discontinue your GST compliance. Here’s what you need to know: Eligibility for Surrender:If your business turnover falls below the threshold, or if you are no longer engagedRead more
Yes, you can apply for the surrender of your GST registration if you no longer meet the eligibility criteria or if you wish to discontinue your GST compliance. Here’s what you need to know:
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See lessEligibility for Surrender:
If your business turnover falls below the threshold, or if you are no longer engaged in any taxable activities, you may opt to surrender your GST registration.
Relevant Provisions:
Under the CGST Act, provisions allow taxpayers to voluntarily surrender their GST number. This process is intended to help businesses avoid unnecessary compliance if they are no longer required to be registered.
Procedure to Surrender Your GST Number:
Log in to the GST Portal:
Access your account on the official GST portal.
Submit an Application:
Fill out the form for cancellation/surrender of registration, providing the required details and reasons.
Compliance Check:
Ensure that all pending returns are filed and any outstanding tax liabilities or refunds are settled.
Confirmation:
Once your application is processed, you will receive confirmation that your GST registration has been surrendered.
Important Reminder:
Surrendering your GST number means you can no longer collect GST on your sales or claim input tax credits. Make sure this is the right step for your business before applying.