Sage-Tips

Can we surrender GST without paying late fees?

52/2020 – Central Tax Dt-24th June, 2020 to waive off whole GST return late filing fee, if dealer is filing Nil return and the GST return late filing fee will be restricted to Rs. 500/-per return in case of other than nil return, if the dealer files its pending return for the period July, 2017 to January 2020.

How do I surrender my GST number without penalty?

How to Surrender your GSTIN

1. Step 1: Login into your account on GST.GOV.IN.
2. Step 2 : Go to Services >> Registration >> Application for Cancellation of Registration.
3. Step 3: Fill the address for future communication or select the option of Address same as above and then go to Cancellation Details tab.

Is there any fee for GST cancellation?

The taxpayer will not pay GST anymore if he cancels the GST registration. If an individual is still carrying out business after surrendering the GST registration, it will be an offense under GST, and heavy penalties are applicable. There will be no requirement to furnish any GST return.

How do I cancel a GST cancellation after 90 days?

Follow the steps below to file GST REG-21: Step 1: Log in to the GST portal and navigate to ‘Services’ > ‘Registration’ > ‘Application for revocation of GST registration cancellation. ‘ Step 2: Enter the required information and reasons for the reversal of the cancellation of GST registration.

How do I cancel my GST registration?

How can I file for cancellation of GST registration?

1. Visit the URL: https://www.gst.gov.in.
2. Login to the GST Portal with your user-ID and password.
3. Navigate to the Services > Registration > Application for Cancellation of Registration option.
4. The form – Application for Cancellation of Registration contains three tabs.

What is the procedure for cancellation of GST registration?

Procedure

1. 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.
2. He must submit it within 30 days from the date of service of the cancellation order at the Common Portal.

How long does it take to cancel GST registration?

The applicant must reply in form GST REG-24 within 7 working days from the date of the service of notice. The proper officer will take decision within 30 days from the date of receipt of clarification from the applicant in form GST REG-24.

How can I cancel my GST registration?

What if GST registration is cancellation suo moto?

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. He must submit it within 30 days from the date of service of the cancellation order at the Common Portal.

How many days it will take to cancel GST registration?

What are the reasons to Cancel GST registration?

GST registration may be cancelled in the following situations: The business has been discontinued (reason may be the death of the proprietor, transfer of business in form amalgamation, demerger) GST Registered person is not mandatorily, liable to get registered under GST, (reason may be turnover of business goes below the threshold limit)

What is the late fee for filing GST return late?

The late fees are imposed by the Government of India if a Registered Taxpayer delays the filing of GST Returns within the due date. The late fee for different GST returns is as follows: 1. Rs 50 per day up to a limit of Rs 10,000,000 GSTR 3B, GSTR 1 and GSTR 4 (If there are sales) 2.

How to surrender GST in India?

1. GST surrender By the registered person – A registered person can apply for cancellation of GST Registration by himself. If the business is no longer liable to GST (like you have taken registration for the sake you trade inter-state but later government relaxed the norms that GST registration not mandatory for inter-state trade)

Why do some businesses opt out of the GST?

If the business is no longer liable to GST (like you have taken registration for the sake you trade inter-state but later government relaxed the norms that GST registration not mandatory for inter-state trade) Because you are shutting down your business or profession. Or any other issue. 2.