https://www.taxtmi.com/forum/issue?id=116690 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. en-us Fri, 04 Sep 2020 13:25:41 +0530 Thu, 23 Jan 2025 15:54:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116690 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. Discussion-Forum GST Fri, 04 Sep 2020 13:25:41 +0530 https://www.taxtmi.com/forum/issue?id=116690