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<h1>Finance Bill 2020 amends CGST Act, easing deregistration for those not needing or opting out of registration.</h1> Clause 119 of the Finance Bill, 2020 proposes an amendment to section 29 of the Central Goods and Services Tax Act. The amendment revises clause (c) of subsection (1), allowing for the cancellation of a taxable person's registration if they are no longer required to be registered under sections 22 or 24, or if they choose to opt out of a voluntarily obtained registration under subsection (3) of section 25. This change facilitates the deregistration process for those who no longer meet the criteria or wish to withdraw their voluntary registration.