Cancelletion of registration

[sumanta nayak]

If business transferred then Can one apply of cancellation if any proceeding or appeal pending

Or wait till completion?

[KASTURI SETHI]

You can apply for cancellation. See Section 29(1) (a) of CGST Act. Registration will be cancelled only after all Govt. dues are paid and all the returns (including final return) are filed.The department will also wait for completion of audit.You can discontinue filing return after surrender of registration on common portal.Your account on Common Portal will remain open. Your account will be closed on the date of order of cancellation. There is no time fixed for cancellation after surrender.

[Shilpi Jain]

Agree. You can apply for cancellation, in which case your registration will be suspended and you need not do the return compliances under the law.

AI Summary

Registration cancellation: application allowed during pending proceedings; final cancellation conditioned on payment of dues and filing returns. An application for cancellation may be submitted while proceedings or appeals are pending; under Section 29(1)(a) registration will be suspended on the portal and one may discontinue filing returns after surrender, but the account remains open until an order of cancellation. Final cancellation will be effected only after payment of government dues and filing of all returns (including final return), and the department may await completion of audit; no fixed period is prescribed for passing the cancellation order after surrender.