GST cancellation and revocation of GST registration cancellation are two important concepts for taxpayers to understand. GST cancellation is the removal of a taxpayer’s GST registration, while revocation of GST registration cancellation is the restoration of a GST registration that has been canceled by the Department.
GST cancellation can be initiated by either the taxpayer or the GST authorities.
Once a taxpayer’s GST registration has been cancelled, they will no longer be able to:
A taxpayer whose GST registration has been cancelled may be able to apply for revocation of the cancellation if they can demonstrate that they have rectified the reasons for the cancellation.
The revocation application must be submitted within 30 days of the order of cancellation. The GST authorities will consider the application and make a decision on whether to revoke the cancellation.
To be eligible for revocation of GST registration cancellation, the taxpayer must:
Here is a table summarizing the key differences between GST cancellation and revocation of GST registration cancellation:
Feature | GST cancellation | Revocation of GST registration cancellation |
Who initiates the process? | Taxpayer or GST authorities | Taxpayer |
When can the process be initiated? | At any time | Within 30 days of the order of cancellation |
Who makes the decision? | GST authorities | GST authorities |
What are the conditions for approval? | None | Taxpayer must comply with all applicable GST laws and regulations |
In other words, GST cancellation is the removal of a GST registration, while revocation of GST registration cancellation is the restoration of a GST registration that has been cancelled. Taxpayers who are considering applying for revocation of GST registration cancellation should seek professional advice from your SRM.
Dedicated to making tax simple and reliable. Your trusted partner in compliance.
Weekdays: 10 AM – 8 PM
Weekends: by appoinment
8125035352
banditax57@gmail.com
Follow us on social media for the latest updates and insights!
©BandiTax all rights reserved. Designed by Bandi Mamatha
Chat With Us