The Finance Ministry recently tweeted that the date for cancellation of Registration is extended to 30th September 2017. However, no notification or circulars have been issued yet.
Under the new Goods and Services Tax law, all taxable persons having turnover over Rs.20 lakhs is bound to obtain registration. Such taxable persons may cancel their own registration or have their registration cancelled by the authorities due to violations.
Application for cancellation has to be made in form GST REG 16.
“Period for applying for cancellation of registration is also extended upto 30th September, 2017. Relevant Notifications are being issued,” the Ministry tweeted.
If a person, who had applied for cancelling registration, is no longer liable to be registered or his registration is liable to be cancelled, the proper officer will issue an order in FORM GST REG-19. The order will be sent within 30 days from the date of application submitted or the date of reply to the show cause.
Any person registered under any of the existing laws, who is not liable to be registered under the Act can opt to cancel the registration granted to him. He must submit an application electronically in FORM GST REG-29 at the Common Portal within 30 days from the GST implementation date. The proper officer will, after conducting enquiry, cancel the said registration.
