Cancellation of Registration
GST Surrender
Closing your business? It's mandatory to surrender your GST registration to avoid accumulation of penalties for non-filing.
When should you Surrender?
GST cancellation allows a registered person to discontinue their status as a taxable person. Valid reasons include:
Discontinuation or closure of business
Turnover falls below threshold limit
Transfer of business (Merger/Amalgamation)
Change in constitution of business
Death of Sole Proprietor
Why is it Urgent?
If you stop business but don't surrender GST, you are liable to file NIL returns. Failure to do so leads to:
- ₹Late fee of ₹20-50 per day per return
- Automatic cancellation by Officer (Bad impact)
- Future liability for tax dues
Surrender Process
We handle the complete Application for Cancellation (Form GST REG-16).
1
Clear Dues
Pay off any pending tax liabilities and file returns up to the date of cancellation.
2
File Application
We file the surrender application with specific reasons and stock details.
3
Final Filing
Once approved, file GSTR-10 (Final Return) within 3 months.