Question: Who Can Cancel GST Registration?

Is Gstr 9 mandatory?

It may be noted that furnishing of the Annual return in FORM GSTR-9 is mandatory only for taxpayers with aggregate annual turnover above Rs.

2 Cr.

while reconciliation statement in FORM GSTR- 9C is to be furnished only by the registered persons having aggregate turnover above Rs.

5 Cr..

How is GST fine calculated?

Late fees for GSTR-9 and GSTR-9A is Rs. 200 (Rs. 100 for CGST and Rs. 100 for SGST) per day up to a maximum of 0.50% (0.25% for CGST and 0.25% for SGST) of turnover.

Who can surrender GST registration?

1. GST surrender By the registered person – A registered person can apply for cancellation of GST Registration by himself.

Can we file GST return after cancellation?

A taxable person whose GST registration is cancelled or surrendered has to file a return in the form of GSTR-10. This return is called as final return.

What is the penalty for not filing GST return?

The law has fixed a maximum late fees of Rs 5,000. This means that in any case, the maximum late fees that can be charged by the Government is Rs 5,000 each return being filed under each Act. The law has fixed a maximum late fees of Rs 5,000.

What happens if Gstin is Cancelled?

Procedure. 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.

Can GST penalty be waived?

The government, on recommendations of the Goods and Services Tax Council, has decided complete penalty waive off of Rs. … The notification stated that ‘Late fee for all who could not file GSTR-3B for month of July has been waived off but interest as stated would remain applicable.

Is it compulsory to file GST return?

Return filing is mandatory under GST. Even if there is no transaction, you must file a Nil return. You cannot file a return if you do not file previous month/quarter’s return. Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty.

How do I reactivate a Cancelled GST number?

If he satisfied with reasons mentioned for revocation in application then he will revoke your cancelled GST registration and passed an order accordingly. You will get an Email or SMS on your registered mobile number for the approval of revocation of cancelled GST registration and then your GSTIN will be active again.

How do I check my GST cancellation status?

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.

When can I close GST account?

If your total taxable revenues fall below the Small-supplier limit calculation amount, you may decide to deregister your GST/HST account. You need to be registered for at least one full year before you ask to close your account.

Is GST charged on penalty?

Chargeability of GST Therefore, any interest or penalty paid for delayed payment in the supply of goods or service or a loan transaction shall be included in the value of supply i.e. the consideration amount. … Therefore penal charges does not fall under the deemed supply list given in Schedule II of the CGST Act.

What if GST return not filed for 6 months?

Late Filing Penalty for Non-Filing of GST Return The penalty for late filing is INR 100 for each day till the details get furnished in case the person fails to provide details related to inward or outward supply, monthly or annual return by the due date.

Can I close my GST number?

GST Registration can be cancelled by any person who is no longer required to file GST Return if either his annual turnover is below the exemption limit or the taxpayer is no longer liable to be a registered person or any other reason explained below.

What if Gstr 10 is not filed?

If a taxpayer fails to file final GST Return, then a notice for not filing the final return will be sent to that registered person. Later, the taxpayer would be provided a 15 days period for filing the return along with all the documents.

How can I get 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 reopen a Cancelled GST?

Step 1: A registered taxpayer can submit the FORM GST REG-21 application for the Revocation of Cancellation of GST Registration either directly or through a facilitation centre notified by the Commissioner if his registration has been cancelled suo moto by the proper tax official.

Can we cancel GST registration without filing returns?

The Act clearly provides that registration will not be cancelled without giving the person an opportunity of being heard. According to GST Law, a registered person will have to file returns either monthly (normal supplier) or on a quarterly basis (supplier opting for composition scheme).

What happens if I don’t file my GST return?

If you don’t file any GST return then subsequent returns cannot be filed. For example, if GSTR-2 return of August is not filed then the next return GSTR-3 and subsequent returns of September cannot be filed. Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty (see below).

What if GST NO is Cancelled?

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.

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.

Do we need to file GST every month?

Every registered person paying GST is required to furnish an electronic return every calendar month. A “Tax Return” is a document that showcases the income of a registered taxpayer. Such a document needs to be filed with the tax authorities in order to pay tax to the government.