Sir,
Without knowing 20 lakhs exemption dealer has taken GST registration and now he wants to cancel the registration and he wants to avail first ₹ 20-00 lakhs exemption and then he wants to take registration after crossing threshold limit. When once registration is taken he has to charge GST from single rupee is it correct through his turnover actually not exceeded threshold limit. pl clarify, thanks in advance
Dealer Seeks GST Cancellation to Benefit from 20 Lakh Exemption; Re-registration Planned Once Threshold is Exceeded. A dealer mistakenly registered for GST without realizing the 20 lakh exemption limit and now wishes to cancel the registration to avail the exemption. The dealer plans to re-register only after exceeding the threshold. An expert clarified that registration can be canceled anytime via the common portal, and re-registration is possible upon crossing the threshold. Other participants endorsed this advice, confirming that cancellation is feasible if turnover remains below the limit. (AI Summary)
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