GST Registration cancellation

GST Registration cancellation

GST Registration cancellation

GST registration surrender in India refers to voluntarily canceling a GST registration. It involves submitting an application to the tax authorities, stating the reason and effective date of cancellation. After review and verification, the authorities issue an order confirming the cancellation. Surrendering the registration relieves the business from filing GST returns and collecting/remittng GST. Proper compliance ensures avoidance of penalties. Consulting a tax professional or GST practitioner is recommended for guidance throughout the surrender process.