GST Goods and Service Tax is newly started in India to make indirect tax easy. In the GST, Business and individual persons meet some specific rules important to register and get a GSTIN number after registering they must follow the GST rules like file their return timely and pay their tax within time. To surrender your GST visit our Portal surrender your GST .
However, GST registration is not always required forever. There are many situations where a business may stop operating or no longer be required to remain registered under GST. In such cases, the taxpayer must apply for surrender of GST registration. Surrendering GST registration is also commonly known as cancellation of GST registration.
Surrender of GST registration means you do not need your GST registration, and you’re closing your business or changing something in your business. After surrendering GST, you cannot charge GST to customers or file regular GST returns.
In simple words, surrendering GST means legally stopping your GST account.
There are many situations where surrendering GST registration becomes necessary:
Surrendering GST helps you avoid extra work, fines, and legal problems when GST registration is no longer needed.
The following persons can apply for surrender of GST registration:
Both voluntary surrender and department-initiated cancellation are allowed under GST law.
Voluntary surrender means the taxpayer chooses to cancel GST registration on their own.
This usually happens when:
The application for voluntary surrender is made online through the GST portal.
You should surrender your GST registration when:
Delaying surrender can lead to penalties and notices.
The process of surrendering GST registration is fully online and simple.
Go to Surrender Your GST Page.
Login using GSTIN number, username and password.
Choose Application for Cancellation of Registration.
Enter:
Submit the form after the verification
The GST officer verifies the application and approves it.
In mostly the process was paperless, However, details required include:
Additional documents may be asked in specific cases.
Surrendering GST registration offers many benefits:
Some common mistakes include:
These mistakes can lead to delays and penalties.