The Goods and Services Tax (GST) was introduced in India in 2017 to simplify the tax system. Before GST, people had to deal with multiple taxes like VAT, Service Tax, Octroi, Central Excise, and Entertainment Tax.
GST replaced all these taxes with a single system. This means you no longer have to pay multiple taxes on the same product, making the process much easier for businesses and individuals.
To file GST returns, every individual or company must register on the GST portal. But if your business shuts down or you no longer need GST, you can cancel your registration online from home.
When Should You Cancel GST Registration?
There are several situations where cancelling your GST registration becomes necessary.
You can cancel it if your business has closed or is no longer operating. It is also required if you are no longer liable to pay GST or if there are changes in your business that lead to a change in PAN.
In some cases, GST registration can also be cancelled if the business owner passes away.
Apart from this, if your business is transferred due to reasons like merger, sale, lease, split, or amalgamation, you may need to cancel the existing GST registration.
Step-by-Step Guide to Cancel GST Registration Online
If you want to cancel your GST registration, follow these simple steps:
First, visit the GST portal and log in using your user ID and password.
After logging in, go to Services > Registration > Application for Cancellation of Registration.
Now, open the form and go to the “Basic Details” tab. Enter your address for future communication. You can also copy it from your business address if needed.
Click on “Save & Continue” to move forward.
Next, select the reason for cancelling your GST registration. If none of the options match your situation, choose “Others” and write your reason.
Follow the instructions shown on the screen and click on “Save & Continue” again.
After this, tick the verification box to confirm that all the details provided are correct.
Now, select the Authorised Signatory from the dropdown and enter the place where you are submitting the form.
You will then need to sign the application using either a Digital Signature Certificate (DSC) or the EVC option.
An OTP will be sent to your registered mobile number. Enter the OTP to complete the process.
How to Check Your Application Status
Once you have submitted your request, you can easily track its status.
Go to Services > Registration > Track Application Status on the GST portal to see the latest update on your application.
