Section 29 - Cancellation of registration.

Cancellation of registration: grounds include discontinuance, non-liability, default in filing or fraud; input tax credit reversal required.

Cancellation applies where business is discontinued, transferred, changed in constitution, or where registration was obtained by fraud or due to failure to furnish returns, and the proper officer may cancel with effect from a date including retrospectively after affording opportunity of being heard. Cancellation does not affect liability for tax or obligations prior to cancellation, and cancelled registrants must pay, by debit to electronic ledgers, an amount equal to the input tax credit on goods or capital goods held immediately before cancellation or the output tax on such goods, calculated as prescribed.