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

GST Registration Cancellation Possible on Business Transfer Under Section 29(1)(a) with Conditions on Dues and Returns A user inquired about the possibility of applying for GST registration cancellation when a business is transferred, despite pending proceedings or appeals. One respondent advised that cancellation can be applied for under Section 29(1)(a) of the CGST Act, but it will only be finalized after all government dues are settled and returns filed. The department will wait for audit completion, and the portal account will remain open until the cancellation order is issued. Another respondent concurred, noting that applying for cancellation will suspend the registration, eliminating the need for further return compliances.