June 19, 2024/
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As per the Delhi Municipal Corporation (Amendment) Act, 2003.. the properties falling under the Municipal Corporation of Delhi’s jurisdiction are liable…
GST Revocation
GST Revocation
GST revocation involves canceling the cancellation of Goods and Services Tax (GST) registration. When a taxpayer’s GST registration is canceled voluntarily or by the tax authorities, they can apply for revocation to reinstate their GST registration. Revoking your GST registration is a crucial process that requires careful attention to legal requirements. It’s essential to fulfill all outstanding obligations, file pending returns, and accurately follow the prescribed steps to ensure a seamless revocation process.
At Miraculous Taxes, we simplify the process of revoking your GST registration. Our expert team is here to assist you in navigating the revocation procedure smoothly, ensuring compliance with all relevant regulations.
Time Limit for Revocation of GST Registration
The time limit for the revocation of Goods and Services Tax (GST) registration in India is as follows:
Revocation by the taxpayer
If a taxpayer wishes to voluntarily revoke their GST registration, they can apply for revocation within 30 days from the event that led to the revocation.
Revocation by tax authorities
In cases where the tax authorities initiate the revocation of GST registration due to non-compliance or other reasons, they can issue an order for revocation within 30 days from the date of initiating the revocation proceedings.
Rule 23 - Revocation of cancellation of registration
Rule 23 of the Central Goods and Services Tax Rules, 2017, addresses the revocation or cancellation of registration under India’s Goods and Services Tax (GST) regime. It delineates the process and requirements for revoking the cancellation of GST registration. According to this rule, you have the option to submit an application for the revocation of the cancellation of registration.
Reasons for GST Cancellation
Cancellation of Goods and Services Tax (GST) registration can occur under various circumstances. Here are some common reasons for GST cancellation:
Turnover below threshold:
If a taxpayer’s aggregate turnover falls below the prescribed threshold limit of 20 lakhs (or ten lakhs for certain particular category states), they can cancel their GST registration voluntarily.
Discontinuation of business:
If a taxpayer decides to discontinue or permanently shut down their business operations, they may opt for GST cancellation. This could be due to various reasons, such as retirement, business restructuring, or any other valid grounds for discontinuation.
Conversion of business:
GST cancellation may be required when there is a change in the constitution or structure of a business, such as a conversion from a sole proprietorship to a partnership or a private limited company. This ensures that the new entity obtains a fresh GST registration.
Non-compliance:
The tax officer can cancel a taxpayer’s GST registration if the business fails to comply with the prescribed GST rules and regulations. Non-compliance may include issues like not filing GST returns for a continuous period, non-maintenance of proper books of accounts, or other violations of GST provisions.
Our GST Revocation Service Process
Consultation:
Our team will conduct an initial consultation to understand your requirements and assess your eligibility for GST revocation. We will explain the process in detail and address any queries.
Document Collection:
Our experts will guide you in gathering the necessary documents, such as the GST registration certificate, financial statements, tax returns, and any other supporting documents required for the revocation application.
Application Preparation:
We will prepare your revocation application accurately and thoroughly based on the information provided. Our team will ensure that all the required details are included, minimizing the chances of rejection or delay.
Application Filing:
We will file the revocation application on your behalf through the official GST portal. Our experts will meticulously complete the online form, attach the supporting documents, and apply electronically.
Application Tracking:
Throughout the revocation process, our experts will keep you updated on the progress of the application. We will provide regular status updates and notify you of any additional information or documentation requested by the tax authorities.
Revocation Order:
Once the tax authorities review and approve your application, they will issue a revocation order. Our team will notify you promptly and provide the necessary documents for your records.
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