Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
GST is known as the Goods and Services Tax. It is an indirect tax that replaces many indirect taxes in India like the excise duty, VAT, services tax etc. The GST Act was passed in the parliament in 2017 in the month of March and it came into effect on July, 2017.GST is levied on the supply of goods and services. This tax law is a comprehensive, multi stage and destination based tax that is levied on every value addition. In this post, we are covering GST Registration Cancellation.
Cancellation of GST registration means that the taxpayer will not be a GST registered person. The person would not be required to pay or collect GST.
GST registration Cancellation can be done by any of the following:
The registration may be cancelled due to the following reasons:
The consequences of cancellation of GST registration would be:
GST is an entirely new tax regime in India, and we believe that GST will control the inflation rate and it will benefit both consumers and manufacturers by bringing transparency in the overall indirect tax of the country.
Read our article: Overview of GST on Advertisement Services and its Taxability
Various considerations will impact the success and effectiveness of business decisions when cho...
Registering for the NSE Social Stock Exchange involves various steps to ensure that an organiza...
The Reserve Bank of India (RBI) recently released preliminary rules for payment aggregators tha...
NBFCs create opportunities for retail investors through several channels and mechanisms. These...
Under the insurance sector, the insurance agent can be considered a profession that provides n...
Are you human?: 5 + 9 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
After the implementation of GST on 1st July 2017, there have been many people who have sought registration under th...
05 Jan, 2021
E-invoices have become an extremely important component of modern business operations. To make it simpler for busin...
30 Mar, 2024