Surrender GST registratio

[mathur ramachandran]

My client, duly registered under GST, is engaged in supply of services and had a Turnover of more than 20Lakhs in FY 19-20.. Now he expects his turnover to be less than 20 lacs in the current FY 20-21. From 1.4.20 to 31.8.20 he has raised bills on B2B customers and has collected GST and paid it to Govt. Can he now surrender his GST regn in Sep 20. If not,can he do it on 1.4.21.

Kindly clarify

Thanking you,Ca M S Ramachandran, Mobile:9447776812

AI Summary

GST registration surrender: registration may be cancelled when aggregate turnover is expected to fall below the threshold this year.
A registered service supplier may surrender GST registration when they reasonably expect aggregate turnover for the financial year to remain below the statutory threshold; registration is now assessed on the current financial year rather than the preceding year. An earlier proviso that restricted cancellation by voluntarily registered persons within the first year has been omitted, allowing cancellation where conditions for registration are not met, while requiring compliance with obligations to account for tax on supplies made during registration.