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
SEBI, the regulatory body for markets, has directed stockbrokers to establish an institutional...
If you have lost track of your shares in Muthoot Finance Limited, they may have been transferre...
Customer Acquisition is essential for any successful organization, placing customers ahead of p...
The role of AMFI in NRI SIP investments is continuously growing in the Indian mutual fund marke...
India’s Financial Intelligence Unit has introduced a groundbreaking upgrade to its informatio...
Are you human?: 6 + 9 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Before the GST regime, cases of inverted duty structure were seen where import duty on raw materials that were used...
20 Mar, 2021
The Goods and Services Tax (GST) marks a momentous and noteworthy reform in India’s taxation system as it was res...
30 Mar, 2024