When the GST registration is cancelled what would be the impact on business. Whether they can levy GST on the supplies made by the business entity? If GST is levied registration is compulsory. Whether the business entity may be punished for levy of GST in the absence of registration certificate? There is no clear provision in this regard in the Act as well as in the Rules made thereunder.
Kindly throw light on this issue.
Debate on GST Registration Cancellation: Can Businesses Charge GST Post-Cancellation? Section 32 Violation and Penalties Discussed. A discussion forum addresses the implications of Goods and Services Tax (GST) registration cancellation for businesses. Participants debate whether a business can levy GST after its registration is canceled, highlighting that doing so without registration violates Section 32 of the CGST Act, potentially leading to penalties. Section 76 allows recovery of unauthorized tax collections. Concerns are raised about the impact on businesses, with suggestions that fines or penalties could be alternatives to cancellation. Opinions vary on whether the cancellation is justified, especially in cases of fraudulent activities, with some arguing that not all businesses should be treated the same. (AI Summary)
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