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GST Registration Cancellation Option Strikes GSTN Portal Recently

Recently GSTN portal comes up with the newly integrated option of cancellation of GST registration. A businessman involved in the new tax policy and wanted to cancel their GST registration can now do away with it by the option available in the GSTN portal. A new option has been given on GSTN portal to cancel the registration. Using it, the traders can easily cancel it.

According to Prakash Kumar, CEO of the GSTN portal, the cancellation option of the registration is kept for the migrated taxpayer. More than one crore taxpayers have registered in GST and out of these, 72 lakhs are taxpayers who have joined GST with earlier excise, service tax and VAT. Apart from these, there are 28 lakh businessmen who have made fresh registrations.

Read Also: GST Registration Online for New User on Govt GST Portal: Step By Step Procedure

The decision has been taken in the light of 20 lakh registered taxpayers who have not issued invoices. Kumar said that out of the registered traders, 20 lakhs are migrated businessmen who have not issued their invoices. He told that such traders have the option that they can cancel their registration if they don’t want to carry on further business activities. On GSTN portal you will get this option under profile and is built just below the ‘Utility REG 29’ profile section.

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Subodh Kumawat
Subodh has done with numerous professional degrees ranging from Human Rights to Banking along with MBA in HR Marketing. He is also interested in the field of tax-related articles and blog as per the industry based norms. Having expert knowledge in diverse sectors, he assures facts and figures along with testimony, in his articles. Working in SAG Infotech, he is a trusted author among the readers globally. View more posts
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6 thoughts on "GST Registration Cancellation Option Strikes GSTN Portal Recently"

  1. HOW CAN NEW GST REGISTRATION BE CANCELLED(IF OPTION IS NOT AVAILABLE ON PORTAL). CAN WE FILL SOME FORM AND SUBMIT THE SAME TO DEPARTMENT FOR CANCELLATION OF NEW REGISTRATION. BY NEW REGISTRATION I MEAN TO SAY THOSE WHO HAVE NOT MIGRATED.

    1. Application for cancellation has to be made in FORM GST REG 16 only if :

      1. The business has been discontinued.
      2. The business has been transferred fully, amalgamated, demerged or otherwise disposed
      3. There is a change in the constitution of the business.

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